[quote=FlyerInHi][quote=svelte]Oh, I definitely thought interest rates would be higher by 2015. No doubt about it.
Luckily I didn’t bet the farm on it. :-)[/quote]
In hindsight it all makes sense. I always thought it very unlikely we’d have massive inflation and the Fed “losing control” once the free markets did their free market thingies, given the glut of capacity and all the capacity coming from emerging markets.
I didn’t bet the farm but i do have 2 adjustable rate mortgages. Glad I took the risk. Despite constant predictions of higher rates, rates have been coming down since 1989.
I think econprof is right. We are going to have a prolonged period of low rates.[/quote]
I’m all right with that. It means things are fairly predictable – high inflation / interest rates makes it harder to determine what things will be like in coming years.
I’m just hoping rates stay long enough for my kids to settle into their long-term homes.
I guess the way I’ve taken advantage of the low rates is by buying big ticket items. I figured that way I locked in a low APR and if rates go up I don’t really care.
Adjustable rate mortgages certainly would have been the way to go the last few years. But I sleep better with my fixed rate. I’m a born worrier so anything that adds stress to my life is not a good thing.
