Bankrate’s 30-year mortgage rate is down slighty to six.89%, but that masks the fact that mortgage rates were only 2.88% when Biden was sworn in as President. That could be a staggering increase of 140 within the 30-year mortgage rate.
In fairness to Unaffordable Joe, Congress went on a crazy spending spree with Covid, much of which had nothing to do with Covid. Green energy spending for the donor class helps drive core inflation up 291% since Biden was installed as President.
And yes, The Fed is playing catch up for former Fed Chair Janet Yellen’s “Too low for too long (TLTL) monetary policy. So, now she is creating mayhem as US Treasury Secretary. And he or she was a terrible Fed Chair, now a terrible Treasury Secretary.
And yes, The Fed looks like they’re pausing rate hikes.
Post Views: 78