Did you get your special edition 2009 rock-bottom interest rate loan yet? Better get it quick, because you’re running out of time. We’ve heard from the Bank of Canada, and Harper says the same thing: expect rising rates.
Down south Freddie Mac sees mortgage rate rising to 6% in 2010, while Morgan Stanley is betting on 30 year rates of 7.5 to 8%. These are still historically very low, but changes like this can have a dramatic effect on high debt levels.
Any more rabbits in that hat?