Interest rates bounce and vary throughout the market, but in general, they have just passed through a period of 670 year lows, as low as <1%. People who were born before 1980 also lived through some of the highest interest rates of ~14%. The good news is that this can be a good time to pay off debt. The bad news is that this can be a difficult time to be a long-term investor. The caution is that a large portion of the smaller entities in the market are already at negative interest rates, a possible indication of deflation. While smaller markets can experience ridiculously high or low rates, they typically don’t affect the general markets. With the general markets acting on such low rates, it will be interesting to see which debtors pay off their debt and which will wait to try to time the next up or down tick in the market.