The interest rates have been artificially lowered with the Feds buying up billions of dollars in treasury bills. This has been easing up a bit with the new FED chair Janet Yellen. According to Yellen, “There’s no mechanical formula and no clear data.” In her July meeting with lawmakers she hinted that rate will stat to go up in the third quarter of 2015. If you are sitting on the fence whether to buy a home or keep renting, the interest rates going up should propel you take action now.
