A hub for independent voices and signals
by confoundedinterest17 The Federal Reserve reminds me of The Stones’ song “Tumbling Dice.” Why? The Fed can’t tell if inflation is cooling or re-accelerating. Hence, they are just rolling dice. Let’s start with mortgage rates, a critical component of the housing and …
In an unprecedented development, the Federal Reserve’s urgent crisis escalates as its decade-long bond-buying spree, valued at $7.7 trillion, reveals a shocking loss, with unrealized losses on the balance sheet surpassing $1.3 trillion for the first time ever. The amortized …
by confoundedinterest17 Gimme (inexpensive) shelter! The good news is that The Federal Reserve finally cooled inflation. Well, at least core inflation cooled to 4%, twice The Fed’s target rate. At least The Fed is making progress. But on the housing …
by confoundedinterest17 Another day, another dose of bad fiscal/monetary news. Not surprising with the US Treasury being run by Janet Yellen, who doesn’t seem to know much economics. In fact, with Biden/Congress spending like drunken sailors in port, inflation and The Fed’s counterattack, …
by confoundedinterest17 US inflation is lower than it was a year ago (cheers from The View CNN and MSNBC cheerleaders), but inflation remains stubborning above The Fed’s 2% target rate and will likely remain above 2% for the nexf few …
by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since …
by confoundedinterest17 We are back in time … at least for the mortgage market. Thanks to Bidenomics!!!! Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending …
The Royal Bank of Canada raises concerns about Canadian homeowners facing potential payment shocks, especially as 60% of Canadian mortgages are set to renew within the next three years. The Royal Bank of Canada is warning that Canadian homeowners could …
by confoundedinterest17 Bidenomics is the gift that keeps on giving … if you are one of the top 1% of income. But if you are in the middle class, Bidenomics is like a horror movie. Pending home sales fell 7.1% …
by confoundedinterest17 Bidenflation, a name for the combination of reckless Federal spending and excess monetary stimulus related to Covid, is still causing severe pain for the middle class. The massive Federal spending splurge is still working its way through the …
by confoundedinterest17 The US is teetering on World War III with tensions soaring in the Middle East, Ukraine, and southeast Asia. And Biden wanders off to Rehobeth Beach Delaware to relax … while over 200 Americans are still held hostage …
by confoundedinterest17 I had a wonderful time speaking at the Passive Investors Conference last night. One question I was asked was “Why doesn’t Powell (the current Fed Chair) pull “a Volcker” to cool inflation. She was referring to former Fed …
by confoundedinterest17 Fire! Yes, Biden and Congress created a fire with it reckless Federal spending leading in 40-year highs inflation, prompting The Fed to counterattack with rapid rate hikes. We now see the 10-year Treasury yield passing 5%. And the REAL …
Homebuyers today face paying $500,000 more in the course of a 30-year mortgage than they would have done two years ago after rates shot up to 8 percent. Analysis by DailyMail.com found that in 2021, an individual purchasing a $400,000 …
by confoundedinterest17 Housing in the US is simply unaffordable! Under Bidenomics, home prices are up 30% while real weekly earnings growth has been negative for most of Biden’s Presidency. And mortgage rates are up 178% under Bidenomics. Sky-high mortgage rates and …
🚨🚨🚨 The average 30-year fixed mortgage rate hits 8.00% for the first time since 2000. Taking into account mortgage rates, incomes, and house prices, October 2023 stands out as the least affordable month for U.S. housing this century. Spread: 308 …
Mortgage Rates Close to 8% as Economy Refuses to Cool Inflation and economic growth… Regardless of our thoughts on the underlying reasons, these two factors have played a key role in skyrocketing rates over the past few years. The Fed …
https://t.co/zmQWd4sGpu — Win Smart, CFA (@WinfieldSmart) October 16, 2023 It was also reported that sales of multi-tenant apartment buildings dropped 74%, reaching a new record since 2009. Read more: https://t.co/z4NqPdSVqo — unusual_whales (@unusual_whales) October 17, 2023 The housing market … …
Fun fact: bank credit is now contracting! Since dollar standard (‘71), that’s only happened once before: 2008. Losses in T bonds will far worse than mortgage losses. Stocks are on the verge of a massive collapse. Fractional banking does’t work …
by TonyLiberty Mortgage demand drops to the lowest levels since 1996 as interest rates hit 8%. Mortgage applications for home purchases are down 22% compared to a year ago. Rising rates are pushing more potential homebuyers out of the …
Hedge Funds continue adding to their short U.S. Treasuries futures position which has now reached the largest short position in history pic.twitter.com/5VtUeUb7JQ — Barchart (@Barchart) October 11, 2023 I believe Bank of America is insolvent with a 6% Fed funds …
How can we get FTBs onto the housing ladder?@AngelaRayner “Let’s make taxpayers insure taxpayers mortgages. If taxpayers don’t pay the mortgage, then taxpayers pay it” So basically Angela, you wanna turn us taxpayers into a giant Credit Default Swap? You …
by confoundedinterest17 Joe Biden, who has always been a compulsive liar but at least sounded cognicent, is now babbling and whispering that Bidenomics works. But for who? Clearly not for first time homebuyers or people looking to move. Bankrate’s 30-year …
by John-Wetter-2310 If you’re picturing a bunch of bank executives in capes, cackling maniacally as they raise interest rates, you’re not alone. The incredibly sharp rise in mortgage rates has left prospective buyers shocked. In fact, mortgage demand is at …
Student loan payments start again this month, and mortgage rates just hit 8%. My company is usually a little high, even Rocket Mortgage is showing 7.846% with 2.25 points. Not fear mongering, but its gonna be a “winter of death”. …
Look at the chart. 2.9% in Feb 2022 to over 8% today. Home prices would have to drop 32% just from today’s prices to pay the same as you would have in 2021. This is insane. Forget overvalued, this market …
by confoundedinterest17 Freddie Mac’s mortgage rate is up to 7.31%, the highest level since December 2000. That means that mortgage rates are up 69% under Biden. That is in spite of $2.5 TRILLION in agency MBS being held on The …
by confoundedinterest17 The US housing market is slippin’ into darkness under Bidenomics. With existing home sales at their lowest since 2010 and new home sales finally hitting the wall, pending home sales were expected to decline MoM in August after an …
by confoundedinterest17 Wasting away again in Biden’s Mortgage Market! Looking for our lost economy. Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week. The 30-year fixed mortgage rate increased to 7.41 …
by confoundedinterest17 Biden’s press secretary Karine Jean-Pierre said that Biden was laser focused on reducing inflation. At least he isn’t laser focused on little girls … for the moment. But he still does seem laser focused on providing Ukraine with …