US 30 year mortgage rates have close to doubled in 2022:
https://twitter.com/0_ody/status/154534 ... WzAdZHTOJg
The interesting question is where will they go now.
If inflation is still considered a problem we can expect the FED to continue to ramp interest rates. However, if the FED now believes that inflation is no longer a threat we can expect either a smaller increase than the predicted 0.75% at the next interest rate meeting, or perhaps no rise at all, in a lets see how this goes type of FED tactic.
Should the FED pause on interest rates this will likely be bullish for equities.
The belief that the FED will pause is perhaps behind the last 4 day streak of rising prices in most US index, or it may be nothing of significance.
Turning points are real easy to spot afterwards, but very difficult at the time of the turn.
Regards,
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US mortgage rates
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