@felichsdakatze @feld @briankrebs @sfrazer434 Never said the fed and mortgage are the same you implied that. I only said what historical norms of fed are. You can infer the rest by determination of what 60 percent of the loans are at way lower than the current fed rate. What the actual inflation rate is to those mortgages and more.

Maybe you need to stop implying things. I’m well aware what the fed rate is to current mortgage rates, high yield bond rates, treasury rates and even coupon rates for specific things like septic systems.

Fed sets rates and others follow in kind. It’s not exact science of course as you can see since fed started cutting rates the bonds and mortgages went up. Agreeing with my assessment that the economy is too overheated for cuts. But then again none of that matters I suppose.