I have read and reread the article Suhayl Rouge posted on LinkedIn, Mortgage Delinquencies, what’s going on?
It is very well done and make sure you look at the graph at the bottom. We have been hearing the 30 day mortgage lates have been growing and this shows it. I truly believe the Fed will stay it course and not lower rates too soon. We have heard Jerome Powell, the Fed Chief, speak about his predecessor, Paul Volker, and how he lowered rates prematurely and regretted it. I believe the Fed will stay the course and bring inflation down to their 2% target. Keep in mind that inflation has been falling recently, but China is reopening and will begin to use more oil and that could drive inflation. Nobody knows for sure what will happen, but time will tell us all.