Yabba Dabba Doo Doom and Gloom Coming for Our Rock Houses?!

Great Gazoo! What's Going On With These Rates?

Yabba Dabba Doo! Fred Flinstone here bringing you the latest news straight from the Stone Age or what’s left of it if these crazy money markets keep actin' up! Seems like these mortgage rates are climbin' faster than Dino tryin' to steal my Bronto Burgers. And get this folks are blamin' it on fancy things like 'U.S. Treasury bonds' and somethin' about countries gettin' mad and sellin' 'em off. What in Bedrock is goin' on?!

China's Got Rocks...And Maybe Our Mortgages!

Now I ain't one for gettin' into all them fancy pants economics but here's the gist: Apparently China's holdin' a whole bunch of these mortgage backed thingamajigs and if they decide to sell 'em bam! Mortgage rates go through the roof! Guy Cecala some big shot from Inside Mortgage Finance says they could be tryin' to “hit us hard.” Hit us hard? Sounds like somethin' Barney would say after I win at bowling! But this is no laughin' matter. Wilma is going to kill me if we lose our house!

Foreign Rocks Rattle the Foundation!

So these foreign countries Japan Taiwan and even Canada are holdin' a lot of these mortgage rocks. And guess what? China already started sellin' some last year. What if they all decide to join in? Eric Hagen some smart fella from BTIG says “mortgage spreads would widen”. I don’t know what that means but it sounds as bad as when I try to 'improve' Wilma’s kitchen appliances! Bottom line: rates go up our rock houses get harder to afford!

Spring Housing Market? More Like a Housing Slump!

The housing market's already shaky! Home prices are sky high and folks are losin' confidence. With the market swingin' more wildly than my golf swing folks are worried about their clams and their jobs. Redfin says one in five folks are sellin' stocks (whatever those are!) just to make a down payment. If these countries start sellin' off securities it will spook the market and scare investors. Like Dino when he sees a mouse!

The Fed's Got Rocks Too!

And just when you thought things couldn't get worse the U.S. Federal Reserve these big cheeses of our country are also sellin' off these mortgage thingamajigs. Usually when things get rocky they buy 'em up to keep rates low. But not this time! Hagen says it’s just another source of “potential pressure” on top of everything else. Sounds like Wilma when I leave the water buffalo out all night!

Yabba Dabba Don't! What It All Means for Us Bedrockers

So there you have it folks. Mortgage rates are risin' foreign countries might be playin' games with our housing market and the Fed ain't helpin'. It's enough to make a caveman wanna hide under a rock! Let's hope this all blows over soon or Wilma might make me sleep outside with Dino! And believe me that’s worse than tryin’ to explain where I was last night to Wilma again! Yabba Dabba Doo...or maybe Yabba Dabba Don't!