Change of Pace

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Professional dancers, musicians, and athletes have special skills. Many of these skills are unique to their profession. However, there are certain ones that crossover. It is these crossover traits that probably take an average professional in their specific field to something more. One skill I have thought more and more about during the pandemic. The ability to change to pace. Starting to learn a new skill, training can be about going slow. Walk then run as the saying goes. With frequent repetition confidence builds. The excitement causes them to want to show off that new skill as frequently as possible. …

Why Are Mortgage Rates So Low?

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The 30-Year fixed rate mortgage has not been lower in almost 50 years of recordkeeping. Conventional wisdom regarding the direction of interest rates has continued to be wrong over the last decade. Many thought interest rates would move back up after the Great Recession. There has been no shortage of ink spilled or airtime spent talking about trying to guess the direction of rates. The list of people is short who thought rates would be this low in 2020. Why So Low? As you can see in the chart below, the 30-year fixed mortgage interest rate is closely correlated with …