If you’ve been anywhere close to the housing market over the past few years, you know mortgage rates have been rising. Last week brought one of the sharpest increases in years even as rates were already pushing long-term highs. Now this week’s massive stock sell-off dropped in to remind us that rates don’t always rise in a straight line.
Source: Kevin Litwicki Universal Lending
Interest Rates Don’t Go Up In a Straight Line – Here’s Why