Don't Fool Yourself, Mortgage Rates Bottomed in 2013
And they will only head up from here, especially since the Federal Reserve is likely to raise the Federal Funds rate sometime between June and September--- and because price inflation is about to accelerate.
How could they raise rates without increasing the burden of the US national debt? It's so large that any meaningful rise would cause the US to have to default. At 17.5% the interest would be equal to the entire federal revenue.
.png)
How could they raise rates without increasing the burden of the US national debt? It's so large that any meaningful rise would cause the US to have to default. At 17.5% the interest would be equal to the entire federal revenue.
ReplyDelete