The impact on home buyers, and the market, in dollars and cents.
I’m shedding a different light on consumer debt.
Plenty of homes for sale, at ludicrous prices for what you get. But asking prices are now getting “reduced.”
The Fed shouldn’t be getting into “allocating credit.”
The Price of Easy Money, Low Interest Rates, and Debt Bubbles: Wolf Richter with Jim Goddard on This Week in Money.
What will Housing Bubble 2 do when mortgage rates hit 6%?
Chicago rents collapse, New York’s swoon, Southern California’s boom. And the US average hides all the drama on the ground.
4.73% now. 5% in a few weeks. Then 6%.
Millennials can go to the Fed and complain.