Interest rates have been rising all year, and that’s due to two things, said David Kelly, chief global strategist at JP Morgan Funds: light at the end of the tunnel on the pandemic and fiscal stimulus. “When you’ve got a recovering economy and the pandemic is receding, it’s not so much that rates are very high now, they’ve just been really low.” As far as how high is too high? “I don’t think we should be too concerned for most transactions,” Kelly said. Home prices have risen, but Kelly says it’s not the mortgage payment that’s the problem for most people still. He said the bigger issue is the amount of debt companies and governments have issued over recent years and how difficult that will be to pay back.