Going Down! NAHB Homebuilder Market Index Plunges To Covid-lows Of 31 As Fed Tightens

#bubble, #inflation, #wine, CMBS, CRE, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Housing, Mortgage, New Home Sales, Powell, Treasuries, Treasury, Uncategorized, Yellen, Yield Curve 1 Minute

Ain’t this a kick in the … head.

Rising mortgage rates courtesy of The Federal Reserve’s tightening to fight Bidenflation has led to a Covid-level plunge in the NAHB Homebuilder Market Index.

Everything seems to be going down with a sinking M2 Money growth.

And today, the 10-year US Treasury yield is up over 10 bps. Watch out mortgage rates!

Published by confoundedinterest17

Published