Newsfeed: David Stockman on Why the Great Reckoning Has Begun

Newsfeed: David Stockman on Why the Great Reckoning Has Begun

Well, that should have been a wake-up call. The 30-year mortgage rate soared by 24 basis points recently to 6.18%. So the latter now stands at well more than double the 2.65% rate which prevailed just 18 months ago in January 2021, and at the highest level since the tail end of the Great Financial Crisis in 2009.