Dispatches
Research, observations, rabbit holes, and the occasional bad idea that survived review.
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The 10-Year Just Hit 5%. Your Mortgage Is Paying Attention.
The 10-year Treasury just crossed 5%. That sounds like something only bond traders should care about. Unfortunately, your mortgage, business loan, federal budget, and a fair piece of the economy are paying attention.
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The CPI Says You’re Fine. Your Mortgage Would Like a Word.
Every month somebody announces that inflation is up, down, improving, sticky, transitory, stubborn, cooling, reheating, or apparently doing yoga. Then you look at your mortgage payment, rent, electric bill, insurance, groceries, and car payment and wonder whether the economists are measuring the same country you live in. They are. Sort of. The Problem With the…