Rates
More stories
-
US Mortgage Rate Hits 7.35% As Fed Combats Bidenflation (Mortgage Rates UP 155% Under Inflation Joe!) – Investment Watch
by confoundedinterest17 The mortgage market is really hurting under the stewardship of “Inflation Joe” Biden. Bankrate’s 30yr mortgage rate hit 7.35% yesterday, up 155% under Biden. Here is a photo of Inflation Joe taking aim at the mortgage industry and housing market. Source link More
-
US REAL 30yr Mortgage Rates Finally Turn Positive (0.32%) While REAL 10yr Treasury Yields Remain Negative (-2.50%) – Investment Watch
by confoundedinterest17 It has been a wild and mostly negative ride under Biden’s Reign of Error. 40-year highs in inflation (caused by Biden’s fossil fuel mandates and Federal spending) have left the US mortgage market FINALLY seeing positive REAL mortgage rates (now 0.32%), even though the REAL 10yr Treasury yield is still negative (-2.50%). Source […] More
-
US Mortgage Rates At 7.20% As US Yield Curve 10YR-3MO Inverts (M2 Money YoY Lowest Since 2010) – Investment Watch
by confoundedinterest17 As the midterm elections get close, the news for Americans gets worse. On the housing/mortgage front, Bankrate’s 30-year mortgage rate (yellow line) just hit 7.20%, the highest since 2000. Also, the US Treasury 10yr-3mo yield curve (white line) inverted, historically a precursor to recession, before barely climbing back above 0%. Meanwhile, M2 Money growth […] More