The Freddie Mac 30-year mortgage survey rate fell below 3% today to 2.98%.
And with today’s abysmal inflation report, the REAL 30-year mortgage rate fell to -3.13%.
Yes, President Biden is asking his economic council to do something about inflation. How about 1) telling The Fed to back off its outrageous and damaging stimulus and 2) stop shutting down pipelines.
Here is Joe Biden (aka, the Skipper) eyeing inflation from the White House.