Currently, just 3.3% of mortgages in the US are delinquent.
— The Kobeissi Letter (@KobeissiLetter) September 17, 2023
But how, mortgage rates are at a 20-year high?
The answer to this question is that 90% of borrowers have rates below 5%.
This is why we are NOT in a 2008-style housing bubble.
It will take external factors such as a… pic.twitter.com/VelEFUZjYY
In Russia, back to the Middle Ages??
https://www.dailymail.com/news/article-16182289/Russian-hospitals-hundreds-people-quarantine-amid-fatal-pneumonic-plague...