What Happens When U.S. Mortgage Rates Go Up Sharply?
Former Global Chief Economist for JPMorgan Chase & Ph.D. in Economics
They go down!
Much attention has been focused on the “game-changing” rise in mortgage rates to their highest levels in 20 years (in the fall of 2022) that has crushed the housing market with less attention devoted to the strategies one should pursue once the tide turns.
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