Yes, whether the policy is right or wrong, Americans cannot afford rate increases on their mortgages. It will decimate borrowers.
Who in their right mind gets an adjustable rate mortgage if rate increases would put them in financial jeopardy?
Yep deflation, except for the Exempt Ones.
(And there will be no wheelbarrow money, instead wheelbarrow employment seekers who’s jobs can’t offset housing transportation cost of food living and durable goods costs)
Tough. It is time to quit giving money away. Should have never gone below 6%.
I would not worry too much though.
Raising rates enough to mean enough would break the already busted budget to pieces and put a real damper on give aways.