Mortgage Blog

Interest rates have remained in a small trading window over the last 6+ months.  These historically low home refinance rates have helped many homeowners lower their monthly mortgage payments.  Most homeowners that are able to refinance will be looking at a rate between 4.5 and 5 percent.

So the question is how long will homeowners be able to take advantage of these low interest rates?  With the government spending and printing money inflation is all but guaranteed.  This means that interest rates will be going up, and they may be going up dramatically.  There is much talk about hyper-inflation and the possibilities of a depression.  The government has been able to keep rates low through a series of actions.  The problem with this, of course, is that when you artificially counter natural market conditions there will be a major correction at some point down the road.  I think everyone can see the writing on the wall.  The bottom line: refinance now, refinance long term and hunker down for a tough road ahead.  Mortgage refinancing may not be an option in the coming years.

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