Mortgage Rates Are On Their Way Up; Thanks Jim!

More data today, and more signs that rate hikes are coming as Australian unemployment unexpectedly fell in December as the economy added more jobs than anticipated, prompting traders to boost bets that the Reserve Bank will be forced to raise interest rates as early as next month. And just as we get another dose of budget incompetence from the Treasury too, which in turn is making inflation harder to tame. With the unemployment rate remaining lower than at almost any point over the past five decades, dropping to 4.1% from 4.3%, it beat economists’ estimate of 4.3%. This absolutely strengthens […]