Luck refers to that which happens to a person beyond that person's control. This view incorporates phenomena that are chance happenings, a person's place of birth for example, but where there is no uncertainty involved, or where the uncertainty is irrelevant.
Average rates on 30-year fixed-rate mortgages have climbed in recent weeks by about a quarter-percentage point, from 3.75 percent to almost 4 percent â about a $600-a-year difference on a $350,000 mortgage. Several sources of data suggest that buyers are paying more attention to the threat of higher rates.
Mark Carney has moved the goal posts numerous times on when interest rates will likely go up. Of course, when interest rates rise or fall mortgage rates will follow suit. After much speculation that interest rates would finally go up in 2015 it didnât happen because inflation suddenly turned negative.