{"id":5357,"date":"2015-04-28T15:50:48","date_gmt":"2015-04-28T15:50:48","guid":{"rendered":"http:\/\/rm-blog.degreesfinder.com\/?p=5357"},"modified":"2019-01-02T20:05:59","modified_gmt":"2019-01-02T20:05:59","slug":"report-financial-sector-rooting-for-mortgage-rate-hikes","status":"publish","type":"post","link":"https:\/\/getyourfreedompass.com\/insurance\/homeowners-insurance\/report-financial-sector-rooting-for-mortgage-rate-hikes\/","title":{"rendered":"Report: Financial Sector \u2018Rooting\u2019 for Mortgage Rate Hikes"},"content":{"rendered":"
As mortgage interest rates continue to remain at historic lows, potential homebuyers are loving it and the financial sector is hating it.<\/p>\n
\u201cThere’s virtually nothing in the financial services area that’s benefiting from continued lower and lower rates,” Barclays CEO Bob Diamond said at the Milken Conference in Los Angeles on Monday. \u201c[We are] rooting for higher rates.\u201d<\/p>\n
Moreover, depending which side of the coin you\u2019re on, you\u2019ll either be pleased or disappointed to hear that experts do not believe a move to higher interest rates will happen \u201cquickly.\u201d<\/p>\n