Hello Roger,
I wish I had a crystal ball to answer this question. All indications are that they will rise. When I purchased my home in 1973, the interest rate was 7 1/2%. Since I have been in the business I have seen it go up to 11% and about 18%. We have been very fortunate and spoiled because the rates have been so low. Even if they were to rise (and I don't think they will) to 7%, or so, it is still a great interest rate. Prices of homes are still at an all time low.
Happy Holidays to you and yours!!
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