January 11, 2016

Investors’ Pain = Borrowers’ (and Housing Market’s?) Gain

Flight to Safety Keeps a Lid on Interest Rates The flip side of a (very) rocky stock market so far this year is cheaper mortgages for home buyers. That’s because investors seeking safety pile into bonds. That drives bond prices up . . . and interest rates down (bond prices and interest rates move inversely...
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“Two Below Honey”

“She’s as sweet as two below honey She’s an angel of the first degree She’s as sweet as two below honey Just like honey from the bee.” –“Tupelo Honey” lyrics (kind of); Van Morrison What’s “two below honey?” I have no idea (for that matter, I have no idea what “Tupelo honey” is). But it...
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