Interest Rates Going Up or Down?

Economists are predicting that interest rates will remain relatively unchanged over the next 30 days.

Mortgage rates seem to be moving based on the debt ceiling situation in Washington, D.C. Regardless of the decision to increase the debt ceiling or to cut the deficit, interest rates will remain volatile.

The expectation is that the volatility will continue until a resolution is reached. Overall, interest rates should stay in their current range, despite the day-to-day ups and downs.