Who knows really. But my guess is higher ... for longer. TWT $CRB at a multi-year high 30 yr FreedieMac mortgage rate right around 7% (and talk about privatization of it along with Fannie Mae) which should do wonders for certain execs and screw current and future mortgagees rate-wise. Yet another unfunded trillion dollar tax cut slapped onto the debt. Silly Stargate nonsense. Oh and those idiotic tariffs that the end user and/or consumer always pays for. Always.
More Americans with government loans are falling behind on their mortgages, a warning sign for consumer health As interest rates stay high, delinquency rates are likely to creep up, experts say. https://www.yahoo.com/finance/news/...rning-sign-for-consumer-health-132508489.html ......... “While the Fed is cutting rates, and that’s helped lift asset prices a little bit, those on the lower-income household side are not feeling any benefit,” said James Knightley, chief international economist at ING. “Their borrowing costs are not going down. If anything, they’ve been going up, and we still have sticky inflation that’s eating into spending power.” .........