what will happen if interest rate go up?

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Curtis N. · Answer

...you will pay more interest over the life of the loan?

Leon Y. · Answer

Doubt it would go up. But if interest rates do go up then the value of your mortgage goes up as well. If you lock in a 3-4% loan over 30 years, your mortgage is more valuable if the market interest rate goes to 6-8%.

Zach Whitt · Answer

Exactly what I was thinking... brings me back to Finance 101 in school!

Bill Gulley · Answer

Existing bond prices will go down :)

Sam W. · Answer

Pretty broad question....

Jeff S. · Answer

As things are if rates go up it will mean the economy is improving so the extra expense will be absorbed.

what will happen if interest rate go up?

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