You need to get busy again to climb the charts!

Then when the market recovers and people start creating money by taking out loans on the foreclosed properties then that money will again enter the system and then the prices will really start to climb.

I see it everywhere I go - not just Vegas.What happens if the mortgage rates finally start to climb?

It took about 3-5 years to climb this far though.

But as time wore on, I began to fear we would not be getting the second house and interest rates started to climb.

I would not feel comfortable at this time getting into an adjustable note considering that we are at historic lows for interest rates and every indication is that rates will climb in the near future.

I think you can especially profit from it if you can lock in loan rates before the July 1 interest rate hike by the fed:http://www.1stmillionat33.com/2006/06/a-strategic-trade-in-this-housing-market/I know some of you are quite risk adverse, but all signs point to interest rates climbing for a long time to come.

Should I refinance to stop the heloc rate from climbing?

The low lying fruit is not where the profits are, you have to "climb the trees".I could be wrong, I was once or twice before.

It would be helpful for others here to learn that expenses can actually climb.