US Mortgage Payments Up 45.5% YoY Thanks To Fed Tightening Caused By Bidenflation

#bubble, #inflation, Banking, CMBS, CRE, Credit, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, Greenspan, Housing, Inflation, Mortgage, Natural Gas, New Home Sales, Oil, Powell, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

Biden’s green energy policies (limiting supply) caused a tremendous surge in energy prices and food prices (one has to pay to get food shipped!). But in order for The Fed to cool inflation, they are in the process of tightening their loose monetary policy since late 2008.

One of the consequences (intended or unintended) is that as mortgage rose, homebuyer mortgage payments rose 45.5% YoY.

Published by confoundedinterest17

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