Are we back to thinking the federal funds rate is directly correlated with long term mortgage rates? I remember reading articles over the last 25 years explaining why that was not the case. They weren't all that clear in any case. But I do tend to believe that the two aren't directly correlated in a "normal" functioning economy. They used to say that mortgage rates were more correlated with long term treasuries.
Also I can't tell but do you believe a rise in mortgage rates and collapse of the housing market is a bad thing?
Are we back to thinking the federal funds rate is directly correlated with long term mortgage rates? I remember reading articles over the last 25 years explaining why that was not the case. They weren't all that clear in any case. But I do tend to believe that the two aren't directly correlated in a "normal" functioning economy. They used to say that mortgage rates were more correlated with long term treasuries.
Also I can't tell but do you believe a rise in mortgage rates and collapse of the housing market is a bad thing?
I don't care about "technical" recessions. I only care about "effective" recessions.
"Inflation not only brings on recession, but effectively IS recession."
Forking Bravo!