Get Ready! Interest Rates Are Moving Up From Here!

As a financial advisor, Steve often gets asked if today’s ultra-low mortgage interest rates might soon be gone forever.  Terry Story notes that rates are now the lowest she has ever seen in her lifetime and doesn’t think they can go any lower.  With the economy doing well, she believes rates are only going to rise.

Terry reminds listeners that rates were artificially suppressed in order to pull us out of the housing crisis, but now that we’re in a strong seller’s market, it’s time for the party to end on low-interest rates.