Interest Rates are Reaching Alarming Levels...

Interest rates are rising… and rising fast.

To break it down:

• Since May 2021, the average 30-year mortgage has tripled, going from 2.6% to 7.8% in just over two years. This also marks a 23-year high.

• The 10-Year Note Yield rises to 4.59%, its highest level since October 2007 - remember what else was happening around 2007-2008?

Overview of the Major Global Interest Rates:

Look at the change from the ‘latest value’ to ‘1 year prior’. We’re almost seeing a ~60% increase across the board - not good.