Why not? There is no rhyme or reason to anything going on. Especially this jacked up housing market.
Fed.gov can’t afford 5% interest rates.
Interest payments on existing debt alone next year will likely be a record 5% of GDP (over $1.4 Trillion)
The only way Fed.gov gets out of debt is to INFLATE its way out
The Deep State will do whatever it can to get a Democrat elected president in 2024. Nothing else really matters.
If raising rates helps, that’s what they’ll do.
If lowering rates helps, that’s what they’ll do.
They and this administration have things so screwed up now you would think they can’t get much worse but they will... bet on it.