We are closing out the first week of the New Year and 30-year conforming mortgage rates are up slighlty.
![](https://confoundedinterestnet.files.wordpress.com/2024/01/mortm3rrrrr.png?w=1024)
Mortgage rate GROWTH is now at 8% year-over-year (YoY). While M2 Money growth has died and is down -3% YoY.
![](https://confoundedinterestnet.files.wordpress.com/2024/01/motym3.png?w=1024)
Bank credit growth has been negative since July 2023 and M2 Money growth has been negative for the entirity of 2023.
![](https://confoundedinterestnet.files.wordpress.com/2024/01/bnkccaaaa.png?w=1024)
Here is a video of The Federal Reserve managing interest and mortgage rates.
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