When the Oracle of Omaha speaks, people listen. Warren Buffett spoke out on home mortgages a few days ago, expressing that he’s perplexed that more people have not waded back into the housing market and gotten a home mortgage.
“You would think that people would be lining up now to get mortgages to buy a home,” Warren Buffett said earlier this month at a Fortune magazine conference. “It’s a good way to go short the dollar, short interest rates. It is a no-brainer. But so far home construction pickup has been slower than I had anticipated.”
Read the Bloomberg report: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rates.