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Some musings on the housing prices and the possibility of a recession.

Here is the crux of the problem. Interest rates keep skyrocketing. Why? Our economy is slowing down, housing prices (at least where I live) are slowing…but the rates…the rates just keep climbing. The fed keeps raising them in hopes of reversing inflation. For nearly two years the fed has been hiking rates. Anyone try to buy a house lately? Did you get an interest only loan? Now you are stuck paying whatever the rates demand. Sure it was a great idea two or three years ago when rates were rock bottom, when our economy was showing signs of recovery from the fiasco of the 2000 election. What, you didn’t think there was a correlation? Please.

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Read more from this blogger: A Recession? No Way