Bubble watch: Mortgage rates are soaring despite promises of mild uptick
Bubble watch: Mortgage rates are soaring despite promises of mild uptick
“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: Despite promises of a smooth increase in home financing costs from the Federal Reserve — a prediction reinforced by so-called industry “experts” — we’ve just witnessed one of the largest hits to a house shopper’s buying power in history.
Source: My trusty spreadsheet’s analysis of Freddie Mac’s…
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