Posted on 07/20/2022 5:14:22 AM PDT by Browns Ultra Fan
Heartaches by the number!
Mortgage applications declined for the third week in a row, reaching the lowest level since 2000.
Mortgage applications decreased 6.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 15, 2022.
The Refinance Index decreased 4 percent from the previous week and was 80 percent lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 7 percent from one week earlier. The unadjusted Purchase Index increased 16 percent compared with the previous week and was 19 percent lower than the same week one year ago.
Heartache #1: Mortgage rates have risen 99% under Biden.
Heartache #2: Mortgage application have fallen -71% under Biden.
As The Federal Reserve continues to fight inflation caused by 1) excessive stimulus by The Federal Reserve and Federal government surrounding Covid and 2) Biden’s energy policies, we are seeing the mortgage market as collateral damage.
(Excerpt) Read more at confoundedinterest.net ...
I see soup lines in the very near future.
One good thing I see happening is illegals in the home construction will be unemployed. Maybe these ticks will vammoose
I read somewhere that illegal grass crawling invaders make over 60% of construction hires
Agreed, we know who the black hand moving the chess board pieces in this game of destroy America belongs to.
The unemployed illegals will NOT leave. They will become enablers for the swarm of new illegals that enter every day, providing the transportation, the necessary daily skills to get by, and cover for any potential enforcement sent out to round up these new illegals.
A whole “fifth column” nation will exist within the territory of the United States.
Aztlan is being established right beneath our noses.
lowest mortgage apps since 2000?? great, so when do prices fall back to Earth?
And just like that the Biden regime collapses the housing industry.
The economy is falling like dominoes and these idiots won’t stop it.
They have invaded our country and nary a shot has been fired. The easiest takeover of a country in history.
When Larry Fink runs out of money, which he won’t since they’ll just print more.
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