So they are acting like the mortgage rates going up are not a direct result of the fed? Ok then.
Archive: https://archive.today/cXYrh
From the post:
"In our upside-down economy, where good news for ordinary people means bad news for financial markets, worries about an overheated labor market pushed 10-year Treasury yields to their highest level in 16 years in October. That put pressure on stocks, and lifted the average rate on America’s most popular mortgage into yet-more-inaccessible territory, pushing it above 8% for the first time in 23 years.
But everything may have just changed Friday, when the Labor Department issued its monthly jobs report with a shockingly low number — just 150,000 jobs were created last month, 20,000 fewer than forecasted and barely half of the 297,000 gain seen in September."
So they are acting like the mortgage rates going up are not a direct result of the fed? Ok then.
Archive: https://archive.today/cXYrh
From the post:
"In our upside-down economy, where good news for ordinary people means bad news for financial markets, worries about an overheated labor market pushed 10-year Treasury yields to their highest level in 16 years in October. That put pressure on stocks, and lifted the average rate on America’s most popular mortgage into yet-more-inaccessible territory, pushing it above 8% for the first time in 23 years.
But everything may have just changed Friday, when the Labor Department issued its monthly jobs report with a shockingly low number — just 150,000 jobs were created last month, 20,000 fewer than forecasted and barely half of the 297,000 gain seen in September."
(post is archived)