how do low interest rates effect refi

[Bill E.]

Hello I am looking to buy my first property (duplex) to owner occupy because I need somewhere to live. How will these low interest rates effect me in the future when I go to pull equity out to use on another property? 

[Christopher Phillips]

@Bill E.

Rates will most likely be higher when you go to refi down the road. When you refi, it will be a new loan, so expect higher rates at the time.