The Pomp Letter
The Pomp Letter
Mortgage Rates Are Highest In 12 Years, But Home Purchasers Aren't Slowing Down
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Mortgage Rates Are Highest In 12 Years, But Home Purchasers Aren't Slowing Down

To investors,

Economic incentives drive the world. There is no better example than the mortgage market within the United States right now. In response to the pandemic, the Federal Reserve conducted multiple emergency interest rate cuts in 2020, which brought us into a 0% rate environment.

These actions were intended to incentivize market participants to …

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