I keep hearing people complain about how interest rates have gone up and the general consensus seems to be if you didn't buy, refinance, or get an equity line in 2017 then you missed the boat. However, while it may be true that if you didn't
BUY in 2011 or 2012 you missed the low point of the housing market, and if you didn't
REFINANCE in July of 2016 you missed the historically low interest rate, if you click on the chart link below you will see the facts are
TODAY'S MORTGAGE RATES ARE A FULL PERCENTAGE POINT LOWER THAN THEY WERE IN 2003-2006 (The years of explosive real estate values leading up to the real estate bust).
So yes, while rates may have creeped up, they are still historically low, and significantly better than the rate I received when I purchased my first home (8.6%)