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Exactly one day : )
Rates are substantially higher today than yesterday, whcih is typical after a week-long rally in the bond markets. I think low rates are here to stay for the foreseeable future and we may see them drop below even this week's level over the next month or so. One thing's for sure though, they won't be around forever!
If oi; prices continue to stay low, core inflation will also be low, so I don't see any indication of a significant rise in interest rates for the immediate future.
It is still the same, isn't it?
Small rises will not hurt the markets.
What makes you think any of us have a better crystal ball than you do, Raoul? They've been predicting higher interest rates for several years now and it hasn't come to pass. But when it happens I know a lot of people will say they were surprised even though they've been warned forever!
Let me combine the answer of your two questions...
as long as gas prices are low, mortgage interest will remain low! (just kidding!)
I wish we could predict this!
I have to agree with John and Gabe.