Posted on 07/07/2022 9:39:51 AM PDT by Browns Ultra Fan
Mortgage rates are falling … to pieces. Along with the US economy.
As the US approaches recession and the Atlanta Fed real-time GDP tracker falls to -1.9%, we are seeing mortgage rates falling to 5.30%.
Real Q2 GDP? Still in the doldrums at -1.9%.
Biden is likely walking after midnight trying to find someone to blame for his declining economic prospects ahead of the midterm elections.
(Excerpt) Read more at confoundedinterest.net ...
All by design
He said we have a roaring economy and the lowest inflation of any country..................
why are mortgage rates falling?
We may soon see greedy and manipulative scoundrels of Wall Street diving off upper floor ledges of New York skyscrapers.
Walk a good distance away from buildings.
“why are mortgage rates falling?”
Inventory is up and demand is down.
Whatever, it’s all Putin’s fault.
He literally said the meme the other day in a speech.
He said it was the fault of, “Russia, Russia, Russia!”
It GDP fell in the second quarter, then we are officially in a recession, as GDP also fell in the first quarter. Two consecutive quarters of “negative growth“ make for a recession under the long excepted definition of the term. Biden and the Dems did that - they were handed an economy that was humming along and poised for future growth, and then applied socialist/wikis to ideas and royally screwed the economic pooch.
how much lower will they go?
See, supply and demand still works. Don’t worry, mortgage rates will vacillate in the coming months always in an upward trend because Biden, Democrats and RINOs are economic geniuses. The same is true with GDP, but a negative trend. The real killer will be unemployment. That kicks in like a rocket come Q4. By the way, I’m an optimist. I haven’t used the ‘D’ word yet.
.... and what is the meaning of -1.9 (minus 1.9)? I never heard of that. The banks pay you back some money ‘cuz you overpaid?
Yet the Fed’s Waller says....oh it’s all overblown....
MW Fed’s Waller contends recession worries are ‘overblown’
(END) Dow Jones Newswires
Thats GDP.. it means our gross domestic product has shrunk..
AKA the economy is not doing well.
GDP shrank 1.9% from the previous quarter. IIRC, that is an annualized rate.
Generally, anything less than +3.0% growth is considered not good
“how much lower will they go?”
Good question. I guess it depends on the next rate hike.
....and it is all by design. The Jihad Junta is snickering... while laundering our tax dollars and savings for THEM.
Meanwhile the traitor sends our oil reserves to offshore countries.
I’d say this is a hanging offense all by itself.
Thanks.
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