This Will End Soon

The average interest rate on a 15-year fixed-rate mortgage in the U.S. dipped to 2.73 percent last week. Given Fed money printing and the massive debt, this downhill run is just about over.

All borrowers should lock in current rates for as long as possible. With regard to mortgages, if you can get an assumable loan, you will look like a financial genius in less than five years.