The Broken Housing Market (That Isn’t Broken)
Mortgage rates officially hit 8% today. It’s amazing considering mortgage rates were as low as 2.5% back in just 2020. But it isn’t the high rate that is so alarming – it’s the rate of change. And this is what separates this period from any period in the past. The Fed has made an unprecedented…
#goldenhandcuffs #housingbubble #goldenguillotine