Fed Chair Jerome Powell’s favorite song: “No sugar tonight” for the mortgage market. The Fed provided plenty of sugar during the Covid crisis of 2020.
Mortgage rates grew under Biden from under 3% to nearly 8%, helping to choke off housing demand.
The good news? Median home price growth YoY has been negative since 2023 whilr average hourly earnings YoY has been positive and steady.
Please Jerome, lower rates!! We are in a ring of fire with high housing prices and high mortgage rates.
Confounded Interest - Anthony B. Sanders 
You must be logged in to post a comment.