Not sure what to think at this point in light of the inflation data. If the economy is really headed towards a recession, then the Fed might have its work cut out for it. I would think that it wouldn't be so easy for them to stimulate growth if inflation lurks.
I'm not planning on making any large moves as a result of my nervosity, however. I suppose it might change how I deploy fresh funds for the retirement accounts in the upcoming year. What fun we are all having.
2 comments:
you might want to consider shorting some things to hedge your house.
on the bright side things could easily get bad enough for Freddie/fannie to do jumbo loans and you could refi at a better rate
I'll think about it... I'm not so good with shorts. Then again, lately I've not been to good with longs. Maybe I should give up. Haha. Just kidding.
Right now Jumbos are still really high, and my current fixed rate is still a fair bit better than what's available. I guess we'll see how the jumbo market is going forward.
And, I suppose the house is some sort of protection against inflation, but not sure if I really believe the conventional wisdom on that subject.
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