If the Fed continues to raise rates, adjustable-rate mortgages will continue to get pinched. That's going to take people who are stretching to buy homes off the table.
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Right now, we're seeing upward momentum in long-term rates, especially with new inflation worries. Long-term rates have been so low for so long compared to where they'd normally be in the business cycle -- at some point a correction is necessary.Daniel Jester
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From the tone of his testimony today, it's obvious he sees a pretty strong economy.
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Based on Keywords: adjustable-rate, pinchedAfter the first blush of sin comes its indifference.
Henry David Thoreau
Being divorced is like being hit by a Mack truck. If you live through it, you start looking very carefully to the right and to the left.
Jean Kerr
For time and the world do not stand still. Change is the law of life. And those who look only to the past or the present are certain to miss the future.
John F. Kennedy