I have been saying this for awhile. People have become too accustomed to low interest rates and think this is the norm. Those of us who have been around know this is not so. Don’t get used to it.
This is a great article about what it will do to the real estate market. GET IN NOW. The feds can only control rates for so long. Then outside events come into play. Mtg rates are dependent on the 10 yr. treasury bond. Lots of outside sources come into play- how much others buy our worthless bonds, what happens in Europe, mid east politics etc.