Forum Archive

Ok – I’ve asked this before, but my father (w/background in finance) told me the day before yesterday I should lock in my Heloc ASAP because there was going to be huge inflation and and rates were going to go way up. Indeed, I called today and lock in rates have jumped from 8.6 to 9.35 – does anyone have any differing opinion on this? or is it pretty much a given that I should lock in before rates go through the roof. (it would raise my monthly payments by about $500 a month)