US Mortgage Rates Rise Slightly (+8% YoY) As M2 Money Growth Dies (-3% YoY) In Plain Sight (M2 Money Growth Has Been Negative For All Of 2023)

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We are closing out the first week of the New Year and 30-year conforming mortgage rates are up slighlty.

Mortgage rate GROWTH is now at 8% year-over-year (YoY). While M2 Money growth has died and is down -3% YoY.

Bank credit growth has been negative since July 2023 and M2 Money growth has been negative for the entirity of 2023.

Mortgage rates should decline in 2024 as The Fed cuts rates to prop up Vacation Joe.

Here is a video of The Federal Reserve managing interest and mortgage rates.

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Published by confoundedinterest17

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