Our climbing stock market has finally faced a significant dip of around 4%. While we don’t know the exact cause of today’s decline or what tomorrow holds, we can discuss how we think it will affect our interest rates. What temporary effects will be felt immediately and what results could stick around for the long run? Today Joe shares what he believes will happen to interest rates following the stock market decline. Also in discussion:
- Why are interest rates still climbing during a stock market decline?
- Is now still a good time to refinance my mortgage?
- Should I hold off on making a purchase?
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