By the middle of July, we are definitely in the midst of the heat of the summer. And many times, when the temperature rises, so does the heat of the markets. But not all markets are equal in this regard. For example, this summer the real estate markets are heating up because of lower interest rates. This is especially true of the refinance market. In addition, the stock market has moved into record territory.

Meanwhile, it looks like some of the trade wars are cooling down, rather than heating up — though we have seen that these battles can turn around very quickly. Some analysts have indicated that the end of the trade wars might result in a huge boost for the stock markets. However, we are not so sure. While we think the initial reaction would be positive, if the result was higher interest rates, this could dampen the optimism.

Of course, this line of reasoning is entirely hypothetical. There is little doubt that the threat of trade wars has contributed to the lower interest rates we have seen. But would the end of this threat cause rates to rise? Perhaps. Either way, if you are thinking about purchasing a home or refinancing, it would be best to act with urgency because as trade wars can turn on a dime, so can interest rates.

Dave Hershman is the top author in the mortgage industry. Dave has published seven books, as well as hundreds of articles and is the founder of the OriginationPro Marketing System and Mortgage School. Want to send this commentary and other news in a personalized format to your sphere database or on social media?  Sign up for a free trial at