Mortgage Rates Explode in US

Mortgage Rates Explode in USComment from my colleague Matt:
This will likely show up in reduced mortgage activity in the weeks ahead, which suggests it will bleed into housing comps for Q3.  This might lead to a rate shock by consumers, an almost complete halt to all re-mortgaging/refinancing and I would guess cause rates to back up a bit in response…

 

About Daniel Lacalle

Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Frequent collaborator with CNBC, Bloomberg, CNN, Hedgeye, Epoch Times, Mises Institute, BBN Times, Wall Street Journal, El Español, A3 Media and 13TV. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE.

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