2024 - First Quarter - The Last Mile
Now coming up to almost a year, dropping the final level of inflation from 3% to the targeted 2% seems to drag on like our long hike in the dark. As the battle against inflation rages on, mortgage and debt holders are feeling the pain. 80% of mortgages that were outstanding two years ago are renewing this year at two to three times their current rates.
Now coming up to almost a year, dropping the final level of inflation from 3% to the targeted 2% seems to drag on like our long hike in the dark. As the battle against inflation rages on, mortgage and debt holders are feeling the pain. 80% of mortgages that were outstanding two years ago are renewing this year at two to three times their current rates.
Joshua Brown
March 30, 2024