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US Mortgage Rates Soar To 4.43%, Up 55% Under Biden/Pelosi/Schumer As Fed Rate Hikes Loom
Confounded Interest ^
| 03/15/2022
| Anthony B. Sanders
Posted on 03/15/2022 10:07:00 AM PDT by Browns Ultra Fan
Bankrate’s 30-year mortgage rate rose to 4.43%, up 55% under Biden/Pelosi/Schumer’s reign of error. Thanks to the rising Fed rate hikes priced-in the market.
(Excerpt) Read more at confoundedinterest.net ...
TOPICS: Business/Economy; Government; Politics
KEYWORDS: biden; fed; inflation; mortgage; mortgagerate
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Biden and Powell. The dynamic duo of FAILURE!
To: Browns Ultra Fan
2
posted on
03/15/2022 10:07:59 AM PDT
by
Sequoyah101
(Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
To: Sequoyah101
Yup. High inflation coupled with low interest rates is just crazy for anyone who wants to save.
3
posted on
03/15/2022 10:10:13 AM PDT
by
Tipllub
To: Browns Ultra Fan
I guess that’s Putin’s fault too. 🙄
4
posted on
03/15/2022 10:10:39 AM PDT
by
FamiliarFace
(I wish “smart resume” would work for the real world so I could FF through the Biden admin BS.)
To: Sequoyah101
With inflation running over 10% there is really only one way out of this, repeat what Paul Voelker did, raise interest rates significantly, the downside is, it will crater the economy, this being an election year that won’t happen quickly enough.
5
posted on
03/15/2022 10:11:51 AM PDT
by
srmanuel
(`)
To: FamiliarFace
And his flunky Donald Trump. /sarc
To: Browns Ultra Fan
7
posted on
03/15/2022 10:12:25 AM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: FamiliarFace
> I guess that’s Putin’s fault too. <
Don’t forget to blame Trump and Climate Change as well.
8
posted on
03/15/2022 10:12:41 AM PDT
by
Leaning Right
(The steal is real.)
To: Browns Ultra Fan
I still have a few bucks left that inflation hasn’t eaten yet. When can I get some of those real estate deals Elizabeth Warren got after the last real estate bust?
9
posted on
03/15/2022 10:15:37 AM PDT
by
hardspunned
(former GOP globalist stooge)
To: Browns Ultra Fan
When I look at a graph of mortgage rates covering the past 50 years, a 4.43% rate seems like it’s soaring like a penguin.
10
posted on
03/15/2022 10:15:39 AM PDT
by
Wissa
(The winds and waves are always on the side of the ablest navigators.)
To: Browns Ultra Fan
Then there will be the increasing interest on the debt payments by the government. That will make them squirm.
To: dragnet2
That is creepy and SOOOO stolen by me!
12
posted on
03/15/2022 10:16:51 AM PDT
by
Yo-Yo
(Is the /sarc tag really necessary?)
To: Sequoyah101
“Not soaring enough.”
I agree. Long term rates need to be up around 20% to 25% to tamp down the inflation we’re seeing.
But that’s not going to happen so the inevitable direction we’re going is to see a drastic devaluation of the US dollar.
13
posted on
03/15/2022 10:17:20 AM PDT
by
MercyFlush
(I don't follow the science. I follow the money. )
To: Browns Ultra Fan
Savers have been getting destroyed for decades with these artificial low interest rates.
14
posted on
03/15/2022 10:17:44 AM PDT
by
Theoria
To: Browns Ultra Fan
This is happening because the FED said they were joining NATO.(hey why not, that total crock seems to work elsewhere).
To: dragnet2
16
posted on
03/15/2022 10:22:28 AM PDT
by
Magnum44
(...against all enemies, foreign and domestic...)
To: Browns Ultra Fan
No student loan cancellation.
Can’t afford a mortgage.
Damn.
Guess they’ll own nothing and be happy.
17
posted on
03/15/2022 10:22:55 AM PDT
by
americas.best.days...
( Donald John Trump has pulled the sword from the stone.)
To: dragnet2
HA! That's Great.
18
posted on
03/15/2022 10:23:00 AM PDT
by
MotorCityBuck
( Keep the change, you filthy animal! ,)
To: Browns Ultra Fan
The incompetent of Democrat is staggering!
19
posted on
03/15/2022 10:23:31 AM PDT
by
Chgogal
(Whatever Biden decides to do, do the opposite.)
To: Browns Ultra Fan
High mortgage rates can always be refinaced when the rates go down.
20
posted on
03/15/2022 10:26:36 AM PDT
by
Fido969
(45 is Superman!)
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