More Ugly Retail Reports, Housing Market, Musk & Tesla, Lessons 1970’s, 4%
One Rental At A Time
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Warren Buffett's Position in Capital One
Last week, mortgage apps went up 5%. Mortgage apps went down 4.8%. The mortgage rate average went up to 6.57. I suspect what we are seeing in the bond market and the mortgage market with the spread widening is all about this debt ceiling nonsense. Danielle DiMartino-Booth basically said Janet Yellen is trying to create a sense of urgency. She should light a fire under Congress and the president to work something out,. get this behind us, so we can once again remove, frankly, a self-imposed obstacle that we just don't need in this environment.
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