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In the 1990\u2019s rates aggressively declined towards the latter part of the decade as the dot-com bubble started to burst and money flew from stocks to bonds, pushing rates downward.\u00a0 Rates ending the decade at approximately 8%.<\/p>\n<\/div><\/div>\n\n\n\n
Things changed in the decade of the 2000\u2019s. Rates plummeted to 5.4% by 2009, thanks to the great recession housing bust.<\/p>\n\n\n\n
To get us out of the great recession, Fed Chair Ben Bernanke introduced Quantitative Easing (buying government bonds) to force interest rates downward. <\/p>\n\n\n\n
From there, the Federal Reserve has purchased bonds every time the economy needed a jolt. Rates eventually dropped down to 3% and lower after covid. <\/p>\n\n\n\n
Are rates historically high? The simple answer is no. Rates have moved below trend during times of economic and financial stress. <\/p>\n\n\n\n
I believe rates are a bit high, I think when the dust settles, we\u2019ll have to live with 30-year fixed mortgage rates in the high 5\u2019s to mid-6 range. In addition, I\u2019m thinking the longer-term inflation rate going forward will be in the 3% range after the current dust settles.<\/p>\n\n\n\n
Please feel free to share our weekly Retirement Blog with friends, neighbors and colleagues.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tax time can bring anxiety.\u00a0 Not just about paying your taxes, IRS scams have been rampant the last few years.\u00a0 Many people, including myself have received calls from someone pretending to be an IRS agent.\u00a0 They are very convincing, providing their IRS badge number, etc. Does the IRS really call taxpayers on the phone?\u00a0 Not […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/3206"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=3206"}],"version-history":[{"count":2,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/3206\/revisions"}],"predecessor-version":[{"id":3211,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/3206\/revisions\/3211"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=3206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=3206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=3206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}