i am a homeowner and i want to refinance to a lower interest rate. i have a penalty if i finance before august 1st of this year. what are the current interest rates and will it be wise for me to wait til july or are they going to rise becaue of the record breaking nasdaq gains? please explain how the stock market influences the rates and any trends that seem to lower or raise rates. what should i be on the lookout for?
it doesn’t. the Fed sets the interest rates, the market responds. if i had to bet, i would bet that the rates will keep going up though, so best to lock in a good rate now.