Cry Havoc! Consumer Confidence For Purchasing Housing Rises In December But Still Near Historic Low (Fed Rate Hikes Creating Havoc) – Confounded Interest – Anthony B. Sanders

December 9, 2022

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#bubble, #inflation, Agency MBS, Bank of England, Bank of Japan, Banking, CRE, Deutsche Bank, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, GSE, Housing, Inflation

December 9, 2022

1 Minute

The Federal Reserve is removing the massive punch bowl from the US economy and markets. And with the rising US mortgage rates, we got crashing buying conditions for housing.

The UMich consumer survey for buying conditions for house rose slightly in December to 36, well below 100 (the baseline).