Historic row houses in Columbia Heights neighborhood of Washington, D.C.
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One strategist has told CNBC why she thinks it’s still a “relatively good environment” to borrow money, including mortgages, despite rising interest rates.
Kristina Hooper, chief global market strategist at Invesco, told CNBC’s “Squawk Box Europe” on Friday that although borrowers may have experienced some “whiplash” in seeing mortgage rates go up around 2%, there were still reasons to be optimistic.
“We’re living in a very low rate environment, and I suspect when the Fed finishes with its tightening cycle, we’ll still be in a very low rate environment relative to history,” she said.