Are low interest rates the deal-of-the-day or a sign of the peak?

[Natasha Keck]

I was listening to Russell Brazil on the Bigger Pockets Podcast 192, and two of his quotes stuck out in my mind.

“I have the goal of adding $2M in debt over the next 2 years.” When asked why, he said "The market inefficiency right now is low interest rates.”  Thank you, Russell, for providing such interesting ideas to mull over!

I would concur that low interest rates seem to be the bargain of the day.  I do get worried, however, that instead of being a bargain, the extremely low interest rates are an indicator that we've reached the peak and thus it's better to sit on the sidelines because better deals are coming.  

In The Big Short by Michael Lewis wrote “Watch for the level at which even nearly unlimited or unprecedented credit can no longer drive the housing market higher… a large portion of the demand at current prices will disappear if only people become convinced that prices aren’t rising.”

Would others agree that interest rates are the market inefficiency right now?