Some lenders surveyed by the Federal Reserve recently reported that they’ve been noticing a pickup in delinquencies, as higher costs burden both families and businesses.
We aren’t headed for the double-digit mortgage rates of the 1980s, but don’t expect the 3% rates of the pandemic, either.
Investors believe that lower interest rates and tax cuts will boost profits in the short term.
High home prices and mortgage rates are joined by plenty of economic uncertainty.
Construction is dependent on moderate interest rates. Restaurants are affected when consumer borrowing costs rise.
Rock bottom interest rates and reduced corporate taxes have helped buoy stock market gains in the past decade.
