Consumers who view mortgage rates as low have fallen to roughly the 3rd percentile of readings since 1978, Michael Kantro says, underscoring recency bias rather than historically extreme rates. He also notes rising rates and Fed hawkishness have pressured S&P 500 P/E multiples.
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Consumers who view mortgage rates as low have fallen to roughly the 3rd percentile of readings since 1978, Michael Kantro says, underscoring recency bias rather than historically extreme rates. He also notes rising rates and Fed hawkishness have pressured S&P
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