Rates have ticked up from their rock bottom levels as mortgage bonds have sold off the last four trading days. So tonight’s Rocktober pick is Rock Bottom, a 1973 song from British rockers UFO. As you bang your head to this (and you will), may it serve as a reminder that rates don’t just drop. Link to more rate comments below, but first Rocktober must roll on…
Youtube is full of live versions of Rock Bottom, but the studio version is still my favorite. The song is on their third album Phenomenon from 1974, posted in full below. Scroll to 14:30 for Rock Bottom, or click link at bottom of post and it will take you directly to the song.
– Rates Slightly Higher To Begin Week