Interest Rates Are Rising
If you are interested in purchasing a home anytime soon, even if it is one of many forclosed houses it is important to know that interest rates seem to have hit bottom and are likely to rise somewhat dramatically over the next two years. Of course, you should keep this into perspective. Rates might rise 1 to 2 points, but money will still be very very cheap. However, if you’re looking at refinancing your house, now might be the best time to do that because you can get a very low fixed interest rate and the government is even backing many of these refinance deals. So it’s easier to get the money that would be before.
