Anxious real estate investors are wondering whether or not they will get another chance to open up 30 year fixed mortgages at 6% or less.  Last week the fixed ended at 5.98%, but the Fed’s recent tone of rising interest rates has led the rates to boom to 6.19% for a 30-year fixed mortgage.

Personally, I am not sure if we will see 6% before we see 7%.  My advice is for someone waiting on investments is to take 6% if we see it again.  Of course, I am using national benchmarks as rates vary by location and credit score, but my general thesis is that if rates fall, it offers a good opportunity for debtors as interest rates are likely to rise for the rest of 2008.