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Left and draw it to the you were right, that's money that's gone up. don't worry too much about corrections. when there are other underlying issues including economic problems or like last time, the debt crisis or housing crisis. but that's not what's under the selloff. >> a correction is often a healthy breather. but remember why this even started, because of the strengthening economy. and keep in mind, easy monetary policy. when the -- >> that's low interest rates. >> you saw central bankers around the world lower interest rates to extraordinarily low levels with the goal to spur investment,...

I you are a saver you could get somewhere close to a percent. that's some benefit. >> a little bit of money. >> inflation is 1.6. if i don't get less than a percent and inflation is 1.6 you are losing money keeping it in a bank account. >> if you have the means should you buy now? >> yes. if you have the means, if the fed does this which it will do and finds out if it doesn't drag the economy to a halt they will do it several more times in the next couple of years. interest rates in a year or two will be substantially higher than now. maybe they will be 6% for a mortgage where it's 4.25% now. ...

They're responsible for holiday shopping. men and women, all in one feed, download it now. >> can i ask you a question about housing? because that's a big deal. whenever they get high now, i think we're all conditioned now to think well, are we talking bubble again? is there reason to fear? >> mortgage rates are starting to tick up, they're at 4.25% right now. first-time home buyers are a big part of the market which i think is increasing. there are other statistics not just the home prices that i think are important. looks if wages are increasing and the job market is getting stronger then th...

Sessions. almost 10% for the year. that is the donald trump stock market rally. the down side to the donald trump rally, mortgage rates are spiking. the average 30-year fixed rate mortgage is 4.19%. on election day, 3.62%. the increase comes from treasury bonds tied to mortgage rates. investors are ditching bonds in favor of stocks. when you sell bonds, that drives the rate up. they believe trump administration will lead to more spending and stinfrastructure. it makes it easier to hike the target rate next month. a $200,000 mortgage with a 3.5% interest rate is $1123 a month. the same mortga...

The increase comes from treasury bonds tied to mortgage rates. investors are ditching bonds in favor of stocks. the strong stock market reaction ma makes it easier for the fed to increase rates. that means a $250,000 mortgage with a 3.5% interest rate is a payment of $1,230 a month. that same with a $ 4.25% rate i $1,230. check out the money stream app. all the topics all in one feed, miguel. download it now. >> i'm happy you did all that math for me. >> higher mortgage rates cost you more to finance a house.