6 ways to pounce on low interest rates
Buy a home or rental property
Rates on long-term fixed-rate mortgages are at their lowest in decades. If you have been putting off your decision to buy a house, now may be the "perfect storm" of low interest rates and low home prices. Since rates are so low, consider getting a 15-year instead of the traditional 30-year mortgage.
If you already own a home and have some money stashed away for a down payment, now may be a good time to think about buying real estate to rent to others, said Greg McFarlane, author of "Control Your Cash: Making Money Make Sense."