A hub for independent voices and signals
by confoundedinterest17 Biden Press Secretary KARINE JEAN-PIERRE: “The American people are beginning to feel Bidenomics” Prices are up 16.6% and real wages are down 3% since Biden took office. Well, at least Jean-Pierre didn’t claim like her boss Joe Biden claimed …
by confoundedinterest17 Biden loves to brag about Bidenomics, or should I say selective stats like the labor market. But the mortgage market hurts so bad. Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers …
by confoundedinterest17 The Case-Shiller home price numbers are out for May. The national home price index is down -0.46% YoY as The Fed slows M2 Money growth into negative growth territory. No doubt Biden (and Karine Jean-Pierre) will take credit …
Colleague of mine moving out of Dallas because they can't afford their 3400 sq ft house anymore. Listed it for RENT for $6500/month 3 months ago. Zero interest. Seriously, who is going to pay $6.5k/month when you can buy a …
“Homebuyer Debt-to-Income Ratios (DTIs) are now approaching 40% in the beginning of 2023. That means homebuyers are now spending 40% of their gross income on mortgage and interest costs. Same level as 2006.” Is another Mortgage Crisis brewing? Homebuyer Debt-to-Income …
by confoundedinterest17 No, this isn’t a John Kerry/Greta Thunberg hysterical warning about climate change. But a storm created by 1) Biden/Congress spending splurge and 2) excessive monetary stimulypto by The Federal (Feral) Reserve. Now that The Fed is withdrawing the …
https://www.youtube.com/watch?v=x4FVEn6zVjs The UK mortgage crisis is the result of several contributing factors that have created a perfect storm in the housing market. Firstly, the rising cost of housing has played a significant role. Over the past five years, housing prices …
https://t.co/HalIfhU6gE — Win Smart, CFA (@WinfieldSmart) July 19, 2023 The median home price in the U.S. is up ~38% since 2020. The average interest rate on a 30-year mortgage is up from 2.7% to 7.1% in ~2.5 years. The average …
According to recent reports, lenders in the United Kingdom have experienced the most significant surge in mortgage defaults in over a decade. Over the past three months, there has been a noticeable increase in the number of borrowers who are …
by confoundedinterest17 As Bidenomics (why Biden would brag about massive inflation in energy, food and shelter is beyond me), lurches forward, we have another shred of lousy economic news: US mortgage purchase demand fell -19% from the previous week and …
by confoundedinterest17 I am anxiously waiting for the US inflation report tomorrow, so I am just looking at the US Treasury yield curve, mortgage rates and cryptos today. The US Treasury 10Y-2Y yield curve stumbled (just like Biden and Bidenomics) …
Average credit card interest rate hits new record high 22.2% pic.twitter.com/1RcUKBNGP3 — zerohedge (@zerohedge) July 10, 2023 The US 30-year #mortgagerate has spiked to a new high of 7.38%. This is the highest level in more than 22 years. It …
I mean let’s get real. How does the housing market stabilize given these numbers? How many people have the income to qualify for a loan at an over 7% mortgage rate? The monthly payment is up around 40% yet people …
The average 30 year mortgage rate just hit 7.22% That rate was about 5% a year ago Yet the median sale price has only slightly decreased This housing market is strong pic.twitter.com/jlJvl4DAKZ — Genevieve Roch-Decter, CFA (@GRDecter) July 6, 2023 …
by confoundedinterest17 Joe Biden, or “Blow Biden” after the cocaine was discovered in the White House the other day, owns the abysmal mortgage and housing market thanks to The Fed fighting inflation caused by Bidenomics (massive Federal spending and massive …
Source: wolfstreet h/t BoatSurfer600
So U.K. mortgages are under a lot of pressure. It’s unfortunate that inflation is still rampant in the via CNBC: There is intensifying pressure on Britain’s government to do more to help struggling households, with the country’s shadow finance minister …
by confoundedinterest17 Its the 4th of July, American Independence Day from England, but under Biden and The Federal Reserve, Americans are DEPENDENT on debt and Federal spending. In other words, Americans are addicted to gov. First, Bankrate’s 30-year mortgage rate index …
Leanne Kearey’s payments have risen from £1,120 to £1,600 a month. A homeowner has revealed her mortgage has gone up by £480 in the last month after interest rates hit a new 15-year high. Mum-of-one Leanne Kearey, 33, described her …
by confoundedinterest17 Eggs, bacon and toast. All more expensive under Biden’s economy. And mortgage purchase demand is down -45.3% since Biden was elected and mortgage refinancing demand is down -91% under Biden and mortgage rates are up 128% under Biden’s economy. …
Canadian Housing Crash? Mortgage Payments To Go Up By 40% as most mortgages adjust automatically with higher rates.🚨🚨🚨 Most countries don’t have 30 year fixed rate mortgages like the USA. Most countries have 5 years before rate adjusts. 🔊 pic.twitter.com/gPFKT4sezS …
You’ll own nothing and we’ll be happy… Rising mortgage payments are squeezing the finances of millions of borrowers in Britain, threatening to undermine household spending and the broader economy. The dream of a soft landing that would have the Bank …
by confoundedinterest17 The good news? Mortgage purchase demand fell only -0.05% from last week. The bad news? Mortgage purchase demand is down -35% since Resident Biden was sworn in. And mortgage refinancing demand is down a whopping -90%. Reason? Mortgage …
The media are full of news about UK mortgage rates going higher. But when we get to the cost of living and inflation they ignore its impact over the past year.CPI 0%CPIH 0%RPI 55.1% Give the RPI the credit for …
Delinquencies spiked in May on mortgage bonds tied to officeshttps://t.co/L0fv4QmRJR Distress in Office Market Spreads…https://t.co/8VuV67lbFR #news #commercialrealestate #CBRE #CRE #cmbs #wfh #realestate #economy #Medical #Healthcare #Hospital #Philadelphia #Philly #phl… https://t.co/dFrTGh2GxT pic.twitter.com/7AabHcSPRp — Mo Hossain (@MoHossain) June 19, 2023 Meanwhile… Rents …
by confoundedinterest17 Biden’s “reign of error” is horrific. The inflation caused by Biden’s policies, The Federal Reserve and insane Federal spending has caused mortgage rates to soar 144% since Biden took office. While The Fed is likely to pause today, …
by confoundedinterest17 The Fed will annouce a pause at today’s FOMC meeting, so don’t look for mortgage rates to do much today. Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) …
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 …
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 …