If the Book of Revelation in the Bible (about the coming of end times) were written by a mortgage guy, there would be entire chapters devoted to the impact on interest rates (which is why I am pretty sure nobody asked a mortgage guy to write that book). “…There was a great earthquake. The sun turned black like sackcloth made of goat hair, the whole moon turned blood red, and the stars in the sky fell to earth…and interest rates fell sharply as a result…” See? It just doesn’t sound right. Anyway – readers of this blog should understand this axiom by now: Apocalypses usually mean lower rates.Read More