What’s Next For Interest Rates?
Interest rates have risen to highs for 2015 over the past 2 weeks. Many are predicting rates to continue to increase. The bottom line is that no one knows what they will do. A year ago we all thought rates were going to continue to go up and they actually went down. You cannot time the market for rates. What I do know is that interest rates are still at historic lows and they can’t stay here forever.
It is not timing in the market but time in the market. My feeling is that if you buy a home today and hold it for 10 years you will get a return on your investment. Don’t get caught up in the daily fluctuations and volatility of interest rates.
A mortgage is much more than an interest rate so make sure you are in the right product and dealing with a professional and you will be just fine.