Sometime in 2015, up from 0%. 24% looks pretty good. UBS still has negative interest rates in Europe and housing here is not so strong as to handle anything but low interest rates for a few more years at the minimum. IMO
Is worth the risk. Or if held for another 2 years, my basis in MORL, counting dividends paid,will be zero going forward. As the Prof. said, a dividend was moved to April and accounted for the lower March payment.
Based on QE in Europe, declining earnings here due to a strong dollar, and CPI inflation in a low range, and no real wage pressure, it seems doubtful that rates will go up much and probably not start until the end of the year.