Quote:
Originally Posted by fundmark19
Every year they say that rates will start rising next year some time. It is getting hard to believe with the US still struggling that they will get going any time soon.
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Well, sure, but at the same time most mortgage holders are in it long term. And just because it hasnt happened in the last 2 years (hasnt been longer than that) doesn't mean it won't happen period. So even if this happens in 5 years, people will still be affected.
Interest rates will be much higher in 3-5 years. You can bank on it. The economy won't be in the toilet forever.