Rising Rates Trigger a Flashback to 1994

The increase in long-end Treasury yields and mortgage rates in the U.S. in the past month has been very aggressive. It's not warranted by economic fundamentals, and it's causing both commercial and residential mortgage lenders to again flash back to what happened in 1994, which I discussed in January in the column "Fed Is a Manager, Not a Leader."

That column provides a synopsis of what occurred in 1994 when rates shot up, so I won't discuss it again, but it's a good primer for what lenders and equity investors in the real estate space are concerned about right now....548 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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