The Knudson File: It’s Rocket Time In The Market so Buckle Up.

Rates rocket up and feather down.  Right now it is and will continue into the foreseeable future—it is rocket time, buckle up. 

We will be hitting 5.00%+ well before year end.  (i.e. red line going up will intersect the red dashed line).

FYI, as rates go up, it takes more income to qualify for a loan.  Any loan that is “loan process” where the borrower is running at debt-to-income ratio (DTI) limits and is not locked in, their loan closing is at risk.  OUCH.  And with that, I wish everyone a Merry Christmas in March.  Emoji