from regression analysis I found that there is a strong positive relationship between the unemployment rate and mortgage rates. I can’t figure out why. Any thoughts?
In contrast to the eminent mortgage crisis that our country is facing; the price of oil has risen from $25/barrel to nearly $100/barrel. The price of fuel affects a broader population than the bad loans and/or bad debt that media and government are focused on. It doesn’t help to be given only half of the reasons why we are getting poorer as a nation. Fuel prices drive up food prices, and everybody must eat. Not as many of us own a home mortgage, and fewer of us actually own a bank.
