A shocking situation when you see it in graphic form... How can the financial markets (including housing) avoid serious fallout from a 50% increase in the 30-year Mortgage Rate? How can Jay Powell actually hike rates into this situation? Haven't the markets tightened sufficiently already?
![](https://www.mptrader.com/images/charts/202203/full-76f0256b7fab35ef1c38388e8c21b24a2538064e.png)