Disinflation… If You Can Keep It

Party over! US mortgage rates are rising again. I'm just joking. Well, rates did rise over the last week, according to the latest figures from Freddie Mac, but at "just" 6.12%, they're still some 90bps from the highs seen three months ago. Note the scare quotes around "just." This really all depends on your historical lookback or, more simply, your age. If you're young, 6% probably seems onerous. If this isn't your first rodeo, current financing costs are hardly anomalous. The uptick, as re