Friday, April 08, 2011

Peter Kinch's Mortgage Minute - When will interest rates rise?

We did just see a rate hike about 2 days ago. Luckily I've been able to lock in rates with my bank for my next purchase. Peter Kinch thinks October for the next one. I think buy while you can because prices will rise and interest rates make a huge difference in your cashflow. Lock in if rates increasing worries you and if it doesn't ride the variable over the long term it's proven to cost you less.

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