US Mortgage Rates UP 141% Under Biden As M2 Money Growth Collapses (Fed Funds Rate Still Growing At 22.2% YoY)

#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, Bernanke, CMBS, CRE, Credit, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Housing, Inflation, Mortgage, New Home Sales, Pension, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

The Federal Reserve has line on you!

The Federal Reserve has tightened their monetary manipulations to combat inflation caused by loose monetary policy and excessive spending by Biden and Congress.

The result? US conforming 30-year mortgage rates are up 8.3% since last year and up a whopping 141% since the beginning of 2021 (the year Biden was selected to be President).

Check out mortgage rate GROWTH (blue line) as M2 Money growth *green line) went negative (orange box).

This graph corresponds nicely with this chart of YoY changes in The Fed Funds rate. Which is still rising at a rate of 22.2% year-over-year (YoY).

The 30-year mortgage rate had been falling after peaking in August 2023 after peaking at 7.299%. The latest reading on January 11, 2024 was 6.662%.

Unknown's avatar

Published by confoundedinterest17

Published