1 minute reading time
(44 words)
The week in financial markets: no recognizable housing cycle
The Fed has been oh-so-gradually pushing up on the cost of money, an overnight rate, but only this week has that up-pushing (from “underneath” as traders would say) moved long-term rates, specifically the 10-year T-note, which defines mortgages and a lot else.
Comment for this post has been locked by admin.
Comments
Comments are not available for users without an account. Please login first to view these comments.