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Goodbye record low home mortgage interest rates. The average 30-year fixed rate mortgage rate moved back above 4% for the first time in nearly 5 months. Conventional thinking says that this is bad for the economy and the housing market as a whole, but there are other economists that argue this is a good thing for the economy. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News Bulls & Bears to discuss the facts and the economics behind this small jump up in home interest rates.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: 30 year fixed rate, economy, financial advisor, home interest rates, interest rates, mortgage rates, performance, portfolio, sharpe ratio, wealth manager