Swamp, tough to do in Californica where jumbo loans are the norm. While I despise DR, I do agree with having as little debt as possible.
Mortgage rates are tied to the 10yr and rates have been climbing. Recently saw it go to 2.51 in interday trading. The market & treasuries usually run inverse to each other so what we’re seeing isn’t normal.
Treasuries are climbing because other nations are dumping our debt not because of any love for DJT. I expect a reset under his administration and right now, WS is making money while they can. They are going to hang the debt noose around DJT’s neck like one of his Trump ties.
When mortgage rates climb, housing which even here is unrealistically high will crash once again and prob take $3T in student loans down with it.
Statistics: Posted by Blondie — Sat Feb 18, 2017 10:57 pm