Cramer: Rates Will Go Up Rapidly... Right After This Event
In Wednesday's Stop Trading!, Cramer gave calls on the auto industry, plays on changes in airport security, and perhaps most importantly, his perspective on when interest rates will be raised.



Interest rates to go up this year, or will the second half of the year, are rates set to go up? Cramer's predicting that once the Federal Reserve is finished buying mortgage backed securities, "interest rates will go up pretty rapidly." He also thinks that for anyone who hasn't locked in a mortgage rate, now is the time to refinance for a fixed rate, as a hike is clearly in the future. He also suggests that if investors have gains in long-term municipal bonds, now is probably the time to take some money off the table, "right here, right now."

Cramer predicts that mortgage rates could climb to 6% in April, and suggests that home owners do not want to be subject to such large increases.