i happened to over-hear on the radio today that interest rates went up .5%, up from 2%
Reason this concerns me is because i'm looking into getting a mortgage and i don't think it'll go through till about february. I wanted to know if anyone was familiar with cyclicals of interest rates.....say, if the banks lower them around feb time, due to most people suffering sever cash flow shortages at that time of the year.
lemme know! tanks.