Bidenomics Is No Good! 30Y Mortgage Rate Declines -36 Basis Points Since 10/19/23, But Still Up 169% Under Bidenomics (Home Prices UP 33% Under Biden, Making Homeownership MORE Expensive)

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Under Bidenomics, the song “Silver Threads And Golden Needles” should be renamed “Counterfit Silver Threads And Fool’s Golden Needles.” Or simply, Bidenomics is no good.

Conforming mortgage rates have actually dropped -34 basis points since hitting a local high of 7.81% on October 19, 2023. Unfortunately, mortgage rates are still up 169% under Biden and his signature Bidenomics. Even worse, home prices are up 33% under Bidenomics making housing even more unaffordable.

While real weekly earnings growth finally turned positive in 2023, growth is already slowing again as The Fed’s balance sheet slowly declines.

But its so easy for the government to spend money they don’t have, we will likely see inflation not cooling down much.

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Published by confoundedinterest17

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