US 30Y Mortgage Rate At 7.30%, Up 160% Under “Working Class Joe”, US Treasury 10Y Rate Climbs To 4.632% (Homeownership Rate Falls To 65.7%)

#bubble, #inflation, #wine, CMBS, CRE, Credit, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, Housing, Inflation, Mortgage, New Home Sales, Oil, Powell, PPI, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Volatility, Wages, Yellen, Yield Curve 1 Minute

Joe Biden likes to sell himself as “working class Joe” or “union Joe.” The truth is anything but. He is “Washington DC insider Joe” or “big corporate Joe.”

The US mortgage 30 year rate is down slightly today to 7.30%. That is a whopping 160% increase since Biden’s Presidency began.

Mortgage rates will continue to climb as the US Treasury 10-year yield climbs.

The US homeownership rate is falling as mortgage rates climb.

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Published by confoundedinterest17

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