US Mortgage Rates Rise Slightly (+8% YoY) As M2 Money Growth Dies (-3% YoY) In Plain Sight (M2 Money Growth Has Been Negative For All Of 2023)

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by confoundedinterest17

We are closing out the first week of the New Year and 30-year conforming mortgage rates are up slighlty.

Mortgage rate GROWTH is now at 8% year-over-year (YoY). While M2 Money growth has died and is down -3% YoY.

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Bank credit growth has been negative since July 2023 and M2 Money growth has been negative for the entirity of 2023.

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Here is a video of The Federal Reserve managing interest and mortgage rates.

 

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