Wednesday, December 10, 2014

My Glob! They've killed Kenny Mortgages!

Source Thompson Reuters.  (Updates with latest data).

Look at the top graph.  Back in early 2012 rates were 4% and activity was index 800.  Now, with rates again at 4% the activity is index 400.  Stop worrying about the absolute rate.  It doesn't matter. 

No comments: