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East Arkansas | Bought a farm the other day and am weighing my options on financing. The 30 year fixed rate is around 7% and the 20 year fixed is nearly 6.5%. 5 year adjustable rate mortgages amortized over 20 years are all the way down around 4.5%. What do you guys think will happen with rates? I'm concerned about inflation and like to lock in as many costs as I can but the difference between variable and fixed rates are pretty serious. | |
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Interest Rates
