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LIVINGSTON, NJ-In mid-September, the Federal Open Market Committee revealed that it would not reduce the pace of its monthly $85-billion economic stimulus in the form of Treasury notes (more commonly known as Quantitative Easing 3 or QE3), which has led to suppressed interest rate levels for the past year.

With spreads over treasuries still tight (with lenders who have not met their 2013 lending targets) now is time to lock. Sure, spreads will tighten in Q1 2014 but how long will the Fed wait to begin to taper? Owners should look forward, evaluate prepay premiums and recast debt now, locking in these historically low rates before they are gone. 

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