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Rising Yields And Housing Bubble 2.0—-Trouble Brewing Fast

Summary:
There’s another aspect to this equation: Homebuyers who are willing and able to stretch to cough up those higher mortgage payments can’t spend this money on other things. Falling mortgage rates gave a huge boost to home prices and to the entire economy in numerous ways. But that process will go into reverse. https://wolfstreet.com/2018/01/20/whatll-rising-mortgage-rates-do-to-housing-bubble-2/

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There’s another aspect to this equation: Homebuyers who are willing and able to stretch to cough up those higher mortgage payments can’t spend this money on other things. Falling mortgage rates gave a huge boost to home prices and to the entire economy in numerous ways. But that process will go into reverse.

https://wolfstreet.com/2018/01/20/whatll-rising-mortgage-rates-do-to-housing-bubble-2/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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