5% mortgage rate ‘line in the sand’ before economy gets hurt

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

Rising mortgage rates may really start to hurt the economy, consumer spending and company earnings soon, CNBC’s Jim Cramer warned on Monday.

READ MORE  Apple iPhone XR Reviewed

“We’re going to see more and more bad earnings because [a] 5 percent mortgage is the end, that is the line in the sand,” Cramer said Monday on “Squawk on the Street.” “The mortgage rate is very high in this country.”

The…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *