Refinancing Your Mortgage As You Invest In Tech Stocks
A lot of people would agree to the fact that they’re currently living in strange economic times. You might have already noticed that interest rates are said to be kept at rock bottom despite the fact that there’s quarter-point incremental rises in the last couple of years. While on the other hand, there are some economic sectors that are said to be booming – the tech industry for instance.
As the saying goes, history repeats itself, but more other people would say that it actually rhymes. And you might not believe it but we’re actually considered to be one of those “rhymes” that they say. Why? Take a look at interest rates and tech stocks. You can clearly say it is so because of the interest rates and tech stocks. Back in the 90’s, interest rates were said to be comparatively low, and you could say that tech stocks then were booming. This is exactly what’s happening again, although it’s not really that clear whether the economy is headed for the same outcome as before.
Mortgage Interest Rates Never Goes Above 3.9 Percent
The question now that average investors are probably thinking is whether it would be better for them to refinance their mortgage just so they can take advantage of possibly higher returns that other areas of the economy can provide. A lot of people that the tech boom that happened in the 90s and the beginning of 2000s was actually more like false start. But now in 2017, seems like the initial hype regarding the huge benefits of digital technologies to change lives will finally come to fruition.
The main reason why it would be best that you should at least take into consideration going to your mortgage broker so that you can refinance is that the potential benefit with the latest digital tech is quite huge. If engineers are able to crack the code of artificial intelligence, then there’s absolutely no doubt that companies around the world that has the technology will make exponential returns. They won’t settle for just human strength and capabilities to innovate: they’ll actually make use of the machines that can think a million times faster not to mention that these machines do not sleep at all.
There’s much more advantages that you can actually enjoy with refinancing aside from the mere fact that it provides for your investment. For instance, you can actually choose refinancing deals including one that allows you to have a fixed rate mortgage for the first few years with low interest rates. Moreover, because of such low interest rates, you might find it silly to just keep all of your capital at home and does not work for you.
The Predictions Involving Tech Stock
It is safe to say that sky’s the limit when it comes to tech stocks. You should know for a fact that the upside of technology is that it’s already being utilized by major companies, and yet it’s still something that will be on the rise for the entire industry in the future.