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Are Interest Rates Headed UP for 2009? How do we prepare?

Interest Rates

Are Interest Rates Headed UP for 2009?


I was rather surprised that with all the mortgage guys in the Rain, I couldn't find any current blog on where they think our interest rates are headed. I have a bad feeling that it's possible we're headed back to the days of 10%+ rates and if that's possible, personally I'd like to start preparing for how I'm going to deal with that now.

Here's a historical interest rate chart, courtesy of Mortgage-X.com http://www.mortgage-x.com You can clearly see how long rates were above 10%. I don't relish those days again.

Interest Rates

So for the Rain Brains of the Financial Market out there...just where do you really think we're headed and why?
Posted Saturday Oct 04