The other day, the Fed raised interest rates another quarter-point. It was the eighth such hike in the last year. In a financial quirk, however, mortgage rates remain near historic lows. Experts don’t expect this dissonance to last. Eventually, mortgage rates will go up. Thus, if you have an adjustable rate now, you need to look seriously at locking in at a low fixed rate now. This will protect your housing budget–and possibly allow you to sleep better at night.
Posted on May 7, 2005 by Stan Guthrie
About Stan GuthrieStan Guthrie is an editor at large for Christianity Today magazine and for the Chuck Colson Center for Christian Worldview. His latest book is God's Story in 66 Verses. He also is author of All that Jesus Asks: How His Questions Can Teach and Transform Us, Missions in the Third Millennium: 21 Key Trends for the 21st Century, and A Concise Guide to Bible Prophecy. He is co-author of The Sacrament of Evangelism. Besides authoring, writing, and editing books, Stan is a literary agent, bringing together good authors, good books, and good publishers. Stan writes the monthly Priorities colum for BreakPoint.org. He has appeared on National Public Radio's Tell Me More, WGN's Milt Rosenberg program, and many Christian shows, including The Eric Metaxas Show and Moody Radio's New Day Florida. A licensed minister and an inspirational speaker, he served as moderator for the Christian Book Expo panel discussion, Does the God of Christianity Exist, and What Difference Does It Make?
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