Looks like Benjamin Tal maybe right. Likely however, his forecast of interest raising next summer is going to be beat.
Right, we already see short term rates heading higher and that 5-year term ? Up .7%. Michael Geller advised a relative of his to lock in for 5 years, using this chart as a guide. Locking in – with this history – at under 2% looks like a good bet indeed!
Generally, I stay with my Oz buzz 60/61 blogs: Everyone argues that governments cannot keep rates low without inflation. Agreed, seems reasonable. But that is why surprise will be on the upside. Also, I repeat my Oz buzz 43. Watch the 10-year treasury. If it hits 2%, hang on to your hats. BUT, BUT in any case, rising mortgage rates are not a big deal in the scope of things.