The September Rate Spike - Is it Time to Worry?

Long term interest rates spiked up in September. This will have an impact. Mortgage rates everywhere are up dramatically. Could it be time for the debt crunch? We know that there’s a delay between raising rates and the impact of those new rates, but no one knows exactly how long - while the economy appears to be doing fine, are we missing something, something big? A day of debt reckoning?

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