There’s the LIBOR to SOFR effect on USA Mortgage Rates!
From 6.91% to 7.2% over the past 7 days. That’s a huge 4% rise since SOFR kicked in.
Wait a minute, wasn’t SOFR supposed to fix everything and allow Iraq to RV their currency?
Things that make you go Hmmmm…
More details on SOFR here: https://ai3d.blog/understanding-sofr-the-new-benchmark-for-global-credit-markets/
