US 30Y Mortgage Rates On Rise Again, Bankrate 30Y Rate UP 92% Under Biden/Powell (US Yield Curve Inversion Worsens, Worst Inversion Since 2000)

After mortgage rates topped 6%, they settled back down with the global economic slowdown, but are on the rise again.

Bankrate’s 30-year mortgage rate index rose to 5.57% after rising above 6% in June 2022. Mortgage rates are up 92% under the team of Biden and Fed Chair Powell as The Fed tries to extinguish the inflation fire cause by 1) excessive Fed stimulus, 2) Biden’s anti-fossil fuel policies and 3) Biden/Congress’ reckless spending.

The Fed still has not shrunk its balance sheet yet and home price growth is still soaring.

The US Treasury 10Y-2Y yield curve inversion just worsened to -38.503, the most inverted since 2000.

Over the longer-term, the US Treasury 10Y-2Y yield curve is the most inverted since 2000. Remember, the 10Y-2Y yield curve inverts prior to a recession.

In terms of putting out the inflation fire, The Fed is acting more like The Three Stooges.

7 thoughts on “US 30Y Mortgage Rates On Rise Again, Bankrate 30Y Rate UP 92% Under Biden/Powell (US Yield Curve Inversion Worsens, Worst Inversion Since 2000)

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