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Experts say market can handle higher rates

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Mortgage Professional America | 15 Dec 2015, 06:30 AM Agree 0
Higher interest rates should be embraced, agrees two industry experts, who feel the economy would benefit from a gradual rise in rates
  • NoSpinJustFacts | | 15 Dec 2015, 06:25 PM Agree 0
    As to be expected, the disconnect from reality for Big Bank executives. To focus on the unemployment rate without a correlation to the labor participation rate shows exactly the lack of real world analysis. Add to this the lack of wage growth in keeping up with even historic low inflation - you have invalidated their analysis that the economy needs higher rates, unless it is to achieve adding more citizens to those barley making it. Another 1% increase in mortgage rates on a 30 year mortgage equates to a 10% drop in purchasing power. Ah, if you have the wallet of John Stumpf of course you personally do not even use credit other than to leverage the yield curve.
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