Kind Of A Drag! Rates On 30-year Mortgages In US Now Highest Since 2000, at 7.53% (UP 153% Under Bidenomics)

#bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Agency MBS, Bank of England, Bank of Japan, Banking, Brexit, CMBS, CRE, Credit, Cryptocurrencies, Currency, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, Housing, Inflation, Jobs, Mortgage, New Home Sales, Powell, REITs, Silver, Treasuries, Treasury, Uncategorized, Yellen, Yield Curve 1 Minute

As The Buckinghams crooned, the mortgage market is a kind of a drag.

Rates on 30-year mortgages in the US are now the highest since 2000, at 7.53%. Mortgage rates are now up 153% under Bidenomics. Rates have gone from sub 3% to above 7.50% under Inflation Joe.

US Treasury yields are playing catch-up from Yellen’s “Too low for too long” monetary policies.

Yes, in part we are playing catch-up from Yellen’s Reign of Error as Fed Chair (keeping rates too low for too long). Only in Washington DC, does gross incompetance warrant a promtion to US Treasury Secretary. Career half-wit Mean Joe Biden is El Presidente and acting like a third world dictator.

Unknown's avatar

Published by confoundedinterest17

Published