NOT Beautiful! US Mortgage Rates Decline Slightly To 5.73% As Fed Raises Rates And Recession Probability Increases (30Y Rate UP 99% Under Biden) – Confounded Interest – Anthony B. Sanders

Everything is NOT beautiful for the mortgage market. In fact, the 30-year mortgage rate is up 99% since Biden took office as President.

Mortgage rates are rising in part thanks to The Federal Reserve trying to control inflation (caused by Biden’s energy policies and spending). But mortgage rates are down slightly today.

Bear in mind that REAL wage growth is negative, thanks to Bidenflation.

Joe Biden’s policies are a real heartbreaker for millions of Americans. And Jill Biden is the living, loving baby sitter.