Everyone: please take out helocs today and invest in stocks. I will purchase your homes in 10 years at reset. I'm excited about the resets coming over the next 2-3 years. Another wave in 10 years would be nice.
Anyone who makes an absurd statement such as "at most the fed impact is .6%" doesn't really understand that psychological factor.
Tell me this again in about 8 months when QE is finished and rates haven't budged.
Then tell me this again in about 2 years when ZIRP is finished and short term rates are rising but long term rates are still stuck.
History is going to vindicate my view JUST as it has destroyed the predictions of EVERY fed watcher on this board. Go back and read the threads in 2012 and 2013 if you don't believe me. I've even linked a few.