Mortgage Rates Hit Near Three-Year High

What BBN said about it

1. 

   Vera Bullock · Co-AnchorReuters reports the U.S. thirty-year mortgage rate has hit its highest in nearly three years. The Straits Times and Yahoo Finance carry it too.

2. 

   Vera Bullock · Co-AnchorJoining us from a bunker is Colonel Gristle Vandermoot, founder of the Last Stand Pantry Alliance. Colonel, is this the end?

3. CG

   Colonel Gristle VandermootVera, it is the beginning of the end, and I have the canned peaches to prove it. Eleven thousand cans, alphabetized by fear.

4. 

   Vera Bullock · Co-AnchorMortgage rates are up, Colonel. That's housing demand and refinancing getting squeezed, per Reuters. How does that connect to peaches?

5. CG

   Colonel Gristle VandermootEverything connects to peaches. When a house costs more to finance, people stop moving, and when people stop moving, the squirrels know.

6. 

   Vera Bullock · Co-AnchorThe squirrels know what, exactly? That's an opinion, by the way, folks, not a data point.

7. CG

   Colonel Gristle VandermootThey know the grid is fragile. I dug my bunker under a former mini golf course. The windmill is now a ventilation shaft. Beautiful.

8. 

   Vera Bullock · Co-AnchorDale Bearman is a huge fan of yours. He says he reads your newsletter in the bathroom, loudly.

9. CG

   Colonel Gristle VandermootDale sends me tea bags every month. I don't drink them. I bury them, in case of tea inflation.

10. 

    Vera Bullock · Co-AnchorColonel, a rate is just a price. Couldn't this be a gift for buyers who wait, a magnificent discount on patience?

11. CG

    Colonel Gristle VandermootVera, you are the reason I have a second bunker. Optimism like yours is a gas leak with a smile.

12. 

    Vera Bullock · Co-AnchorThat's the nicest thing a man in a bunker has said to me. We'll have to leave it there, Colonel.

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