Where do you see interest rates going in 2021? Mr. Campbell warns of a possible increase in rates.
Always always heed Mr. Campbell. But this is a US election year, in addition to all governments of the world striving to keep interest at 0%. In past years we have always recommended having your mortgage term come due in a US election year. Like magic, when presidents want to get re-elected, they keep interest rates low. In my view it will be a good time to lock in all investment real estate mortgages at these very, very low current interest rates for at least the length of time you intend to keep the property. It is a massively good and cheap INSURANCE POLICY.