Update on these two. The trend is not your friend.
Muni debt. I found this one surprising – I thought Ukraine might have caused this to pause. Apparently I was wrong. Which is why I don’t offer financial advice.
And probably more importantly, mortgage rates. Mortgage Rates Explode Higher
Relative change (percent) and velocity are both concerning.
Housing is getting more expensive – due to input costs and now rates.
And re-fi activity just completely stopped…