Feeling Bad! US Homebuilder Confidence Plunges With Fed Tightening (30-year Mortgage Rates UP 89% Under Biden)

We are going down this road, feeling bad.

As The Fed Reserve prepares to raise their target rate in a week by 75 basis points to 2.50%, the NAHB Home Builder’s confidence index plunged.

The 30-year mortgage rate is up 89% under Biden as his green energy fiasco is helping drive inflation to its highest level in 40 years leading The Fed to tighten its monetary policies.

Meanwhile, Jerome Powell and The Fed are doing The Fed Rate Shake.