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Buying a House Before an Interest Rate Hike
However, since at least the mid-1980s, a rising interest rate has normally coincided with a healthier economy.
The yield on the 10-year treasury has fallen from 11.38% in January of 1985 to just 2.04% today. For those keeping track at home, that's a whopping 9.34% drop.
Therefore, if a rising interest rate is normally associated with a healthier economy then for the love of all that is holy, please take this economy behind the woodshed and "Old Yellen" it. It's just not right to keep watching it suffer!
Hey, I'm just going with what I am told. Don't blame the messenger, lol. Sigh.
MBA: Mortgage Applications Decrease
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From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 4.7 percent from one week earlier,
according to da...
20 hours ago
2 comments:
Mark,
You know there always has to be a narrative and hope. On the titanic they even had violins.
Michael,
If only they would have allocated more of the crew to rearrange those deck chairs. Might have saved the ship! ;)
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