Had an interesting conversation recently about interest rates in the US and their housing market which is in serious trouble (not referring to ours). This morning I check the mortgage rates and see they are on the way up... I know this will be old news to many of you.
Wondering what the financial guys and the real estate people think about interest rates relating to mortgages and strategies to dealing with them.
Any theories on whether or not the market is headed for a brief spike in rates but a probable return to low rates or is the party now over?