Rising interest rates can really make people nervous!
That’s understandable, but remember that rising rates are usually a reflection of an improving economy. A growing economy means greater expectations for inflation and typically translates into rising home values.
While no one wants to pay more interest, knowing your home’s value is likely increasing at a greater pace than the cost of a higher rate can be very comforting.
If you focus on the real cost of owning rather than just the interest rate, your peace of mind (and your pencils) will be left in far better shape.
What could low rates mean for you? Find out with a complementary Total Cost Analysis.