So end of year 2013 and start of 2014 rates were not too much lower than now. The early months of 2011 rates were actually higher than now…
Did not notice.
So much doom and gloom about rates that are still extremely low. The real problem is that prices are now too damn high.
How is high prices a problem? It is a celebration
On one side, I like the low rate, but other side such low rate will results into Yield curve inversion that will eventually lead to recession.
Unless 10 year yield goes up (30 year mortgage follows), it is difficult for economy !