Kevin O’Leary: Here’s When To Buy A House

“Ask yourself this question before you even consider [buying a home],“ says “Shark Tank“ star and financial expert, Kevin O’Leary. » Subscribe to CNBC Make It.: While mortgage rates have been low as of late, on Wednesday, they inched higher. But don’t let falling or rising interest rates influence your decision on whether or not to buy a home, says finance guru and star of ABC’s “Shark Tank“ Kevin O’Leary. “What I hate about mortgages, they’re very finite,“ O’Leary tells CNBC Make It. “You owe money, lots and lots and lots of money. And you know, with certainty, regardless of what interest rates are, you’re going to pay interest. That’s what happens.“ “Don’t get lulled into an effective ’gee, the rates are low, that means I should go into debt,’“ he advises. “It doesn’t matter what interest rates are — debt is debt and you have to pay it back.“