Independent thinking for complex markets and current events
by Simian_Stacker Nearly a million Aussie borrowers about to learn the difference between “homeowner” and “mortgage payer”. via news.com.au: Hundreds of thousands of Aussies are bracing to fall off a ‘mortgage cliff’ which could cost them as much as an extra $24,000 a year. On Tuesday, Australia’s central bank increased interest rates for the 12th time …
by confoundedinterest17 Welcome to the Bidenville Mortgage Depot! Where Bidenflation (caused by idiotic energy policies, crazy Fed money printing and insane Federal spending) has caused The Fed to raise rates crushing the US mortgage market. Mortgage applications decreased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …
by confoundedinterest17 The US economy was sitting high on the global mountain top before Covid. Then Covid struck, The Federal Reserve and Congress went wild with stimulus spending and inflation went wild. This is Biden Country, a feeble shell of this once great nation. As The Fed tries to counter the years of excess monetary stimulus pre …
by confoundedinterest17 Under Biden, the US economy is a land of confusion. Under Biden’s Reign of Error, Mortgage Purchase Demand is down -44%, Refi Demand is down -87%, and Mortgage Rates are UP 106%. Mortgage applications (demand) decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for …
https://www.youtube.com/watch?v=GsJo-iqhgNQ 90% of Americans say that owning a home is a key part of the American dream. But today, more than half of them believe they will never own their dream home, and about 70% of U.S. households can’t afford the average-priced home, especially when considering that mortgage rates have more than doubled since 2020. …