“The 30-year fixed-rate mortgage climbed BACK above 7% today, reaching its highest point since early July.
This is one month AFTER a 50 bps cut by the US Fed.”
Reminder: pic.twitter.com/oamLMu9J3p
— Darth Powell (@VladTheInflator) October 28, 2024
This isn’t an election problem.
This is a 25 years of too-loose monetary policy problem.
The Real Estate Sector isn’t functional at these levels
Valuations are toast. pic.twitter.com/8WcoYYb9MX
— Amy Nixon (@texasrunnerDFW) October 28, 2024
October and/or November existing home sales data will be horrendous
You can bookmark this
— Amy Nixon (@texasrunnerDFW) October 28, 2024