In today’s Record there’s a story about interest rates, again and that they would go up soon. April? June? July? It supposes one of those months. This (so called) story isn’t new. If you’ve been following this story, there is nothing new here, in fact for the past 12 to 18 months there’s been a story at least every month that has predicted the future doom of interest rates.
It will increase your mortgage payments, eventually. Lock in now if you’re scared, just like those who locked in 1, 2, 3 years ago. That’s the underlying advice. The banks love security.