The Ten Year Treasury has been dropping for 40 years. Kara and I got our first mortgage in 1980 at 15%, a few years ago you could buy a house with a 2.5% mortgage. It seems like we have come to the end of free money!
Each time rates would drop over those 40 years, I would watch everyone refinance their house and take out FREE money to buy a boat, remodel, buy new furniture and appliances, buy a second home, or take a vacation, all on the back of FREE monry!
