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Rising interest rates cascade down the financial foodchain. As Treasury coupons rise, so will interest rates for home mortgages. As interest rates on home mortgages rise, home values tend to drop. There's a science to that.In any case, when the CPI starts rising and discretionary spending money evaporates... squirrel... it's what's for dinner!
Rising interest rates cascade down the financial foodchain. As Treasury coupons rise, so will interest rates for home mortgages. As interest rates on home mortgages rise, home values tend to drop. There's a science to that.
In any case, when the CPI starts rising and discretionary spending money evaporates... squirrel... it's what's for dinner!
