Posted on 07/07/2023 9:31:36 AM PDT by Kaiser8408a
Bidenomics, the massive Federal spending spree that helped drive inflation to 40 year highs, is the most top-down Soviet-style command economy model imaginable.
As The Fed battles Bidenflation, the 30-year mortgage rate has now risen to 7.31%, a far cry from 2.88% when Biden was installed as President. That is a 154% increase in the 30-year mortgage rate under Bidenomics.
The architect of Bidenflation, Snow Biden.
(Excerpt) Read more at confoundedinterest.net ...
Was in my bank branch yesterday and saw their sign for mortgage rates. Haven’t seen rates that high for nearly 20 years.
I hope everyone refinanced their mortgage ,if they needed to, while rates were lower.
2% but in some ways it is a trap.
Not sure what you mean by “trap”.
I see the higher rates now trapping my into holding on to my current 3.25%.
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