Problems Getting Worse?
Fed injects liquidity to the banks and brokerage firms and dilutes the dollar, interest rates go UP. Does rising interest rates help homeowners?
Fed lowers short term rates, foreigners dump dollars, long term rates go UP. Mortgages are tied to long term rates. Does rising interest rates help homeowners? What about $109 dollar a barrel oil?
Fed raises short term rates, dollar gets stronger and long term rates go DOWN. Does falling mortage rates help homeowners?
CPI comes out Friday.............Get Ready!!!!!!