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And people often forget that rates go down at the same time people get laid off and the market crashes and house prices go down. If you're unfortunate enough t
by nostromo 4y ago
And people often forget that rates go down at the same time people get laid off and the market crashes and house prices go down.
If you're unfortunate enough to be out of work, you won't be able to refinance your loan. And if you're upside down on your loan, you can't refinance either.
- whimsicalism 4y ago> And people often forget that rates go down at the same time people get laid off and the market crashes and house prices go down. This is really difficult to describe as a general trend due to endogenous actors like the Fed. Recessions can co-occur with low rates as the Fed expands to try to spur investment in the economy. They can also co-occur with high rates that choke investment. Never reason from a price change