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.
Of course, when interest rates rise or fall mortgage rates will follow suit. After much speculation that interest rates would go up in 2015 this didnât happen because inflation turned negative and is now not expected to head back to its 2% target until 2018, according to the latest Inflation Report.