Are Low Interest Rates Gone?
I don’t think that is the case, at least not yet, however they are certainly higher and face some resistance. “This surge in mortgage rates, if it continues, is ominous news all around. It’s bad for those trying to refinance an existing mortgage, those looking to buy a new home, and those looking to sell their home. It may also be bad for the stock market, and maybe even for the dollar, too. More on that later.”