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Morigami

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Correlation between different loan's rates
I have a car loan with rate of 5% - Do I need to refinance my car loan to reduce the rate to be able to get better mortgage rate in 6 months ?Is there any correlation between loans rate when it comes to loaner competitions?

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No, rates are determined by your current credit reports/scores. You should not be refinancing or applying for more credit prior to going for an important loan such as a mortgage as refinancing would cause a drop to your credit scores in the short term.

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