This is a question I get a lot. The answer lies somewhere deep inside a crystal ball, which I unfortunately do not possess. There are lots of opinions on the market, but here is my short take:
Rates did pull back the last couple of weeks, being the lowest they’ve been since February. I believe inflation poses the biggest risk to raising rates, especially now. While others think it may be just short term, I imagine inflation will stay trending upwards for years, making now a great time to borrow money to pay for assets. Historically when inflation rises, rates follow. So, gradually in the next year, it seems to me that they’ll go up a percentage or two.