The Federal Reserve are unelected birds of war. They control rates of interest in an effort to control financial and social results. Typically making whatever even worse.
International home mortgage rates are skyrocketing, much of due to reserve bank tightening up after the Covid mess of 2020 as reserve banks attempt to rule in inflation triggered by widespread federal government costs.
A lot of house owners are now locked into low loaning expenses, which is hindering home sales.
The United States adhering home mortgage rate (30Y) is up 156% under Biden while the 10-year Treasury yield is up 304%.
Wake Joe up, before the election. He is off on getaway to Nantucket … once again. Likely to assist The Federal federal government perform a Nantucket Sleighride on the economy.
The Federal Reserve Board of Governors.
Delighted 81st birthday at the retirement home Joe !!