Interest rates have been going up-and-up and will continue to rise again and again. Unless you have had your head "in the sand" and/or are not keeping up with the latest Real Estate/Business News - you need to know that they (ie: interest rates) are are not going to come down any time soon. If anything, interest/mortgage rates are going to continue going up-and-up for the near foreseeable future. Many economists have been unable to agree as to how long the rates will continue to inflate more-and-more but a good guesstimate of periodic rate increases will continue for at least the next 16-months or so.
At this point-in-time: If you are thinking of Buying or refinancing, it is highly rec...