US New Home Sales In March Fall -8.6% MoM As Mortgage Rates Jump (Thanks To The Money Kings)

#bubble, #inflation, #wine, Bank of England, Bank of Japan, Banking, ECB, Economy, Existing Home Sales, Housing, Inflation, Mortgage, New Home Sales, Powell, Treasuries, Treasury, Wages, Yellen 1 Minute

US existing home sales in March were expected to fall -0.6% from February, but they actually fell -8.6%. This is happening at The Federal Reserve is signaling tightening and mortgage rates are rising rapidly.

I think the above chart says it all.

Published by confoundedinterest17

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