Bidenonomics - 30 yr Fixed Mortgage Interest Rates Hits Highest in Over 20 yrs

[Flash]

One of the worst consequences of Potatohead's massive inflation is that interest rates are almost three times higher than when Trump was President.

This is a tremendous hit on American families trying to get affordable housing or even a vehicle. That is in addition to the tremendous increase in food and just about everything else.

The damage done by Potatohead getting away with stealing the 2020 Presidential election compounds.



The interest rate on the most popular U.S. home loan last week shot to the highest since December 2000, helping drive mortgage applications to a 28-year low, a survey showed on Wednesday.
The Mortgage Bankers Association said the average contract rate on a 30-year fixed-rate mortgage climbed 15 basis points to 7.31% in the week ended Aug. 18. That came after yields on the government bonds that influence home-loan rates surged to the highest since the 2007-2009 financial crisis.

US 30-year mortgage rate soars to highest since 2000

 

[TroglocratsRdumb]

 

[Votto]

Soon people will have to live in government housing.

That was the goal all along, except, of course, for rich democrats like Oprah and Bill Gates who are buying up all the poor folk land.

 

[Harry Dresden]

there are some posters here who feel this is were it should be....one of them claimed he had a chance to lower his 6% to 2.9% but turned it down because he felt the banks couldnt be trusted.....lol....

 

[Votto]

View attachment 818549

Like an addict, they can't help themselves

Problem is, voters can't get rid of them.

Votes no longer matter.

 

[Votto]

there are some posters here who feel this is were it should be....one of them claimed he had a chance to lower his 6% to 2.9% but turned it down because he felt the banks couldnt be trusted.....lol....

Only Joe Biden and his pimp Garland can be trusted

Everyone else belongs in jail or is crazy

Thank God Joe is there to save us all.

 

[Thunk]

This is a tremendous hit on American families trying to get affordable housing or even a vehicle.

And they will STILL vote democrat.

90% of Hawaiians still say they will vote for biden.

All I can do is sit back, eat popcorn and enjoy watching their suffering.

 

[Votto]

And they will STILL vote democrat.

90% of Hawaiians still say they will vote for biden.

All I can do is sit back, eat popcorn and enjoy watching their suffering.

View attachment 818551

The fascist imperialists democrats like Joe and Oprah should give the island back to the Hawiian natives, but Joe would shoot them all and call them insurrectionists if they attempted that.

 

[JohnDB]

Borrowing money is going to become impossible soon....
It won't matter if you have a perfect credit score....you just won't be able to get a loan. Especially with our Government borrowing ALL available cash.

This is planned in order to crash the labor market to the point that people will be desperate for a job and accept any wages offered.
Double digit unemployment is coming....bankruptcy filings will also rise.

Then will come the cash infusion to ease borrowing restrictions and for infrastructure investments to begin again. New offices, new apartments, new factories and warehouses. The fix is worse than the disease in this case. Every large major investment firm is sitting on more cash than in the entire history. From BlackRock to Warren Buffet....they are dumping assets and sitting on cash. Looking the world over for a place to invest.

 

[Votto]

Borrowing money is going to become impossible soon....
It won't matter if you have a perfect credit score....you just won't be able to get a loan. Especially with our Government borrowing ALL available cash.

This is planned in order to crash the labor market to the point that people will be desperate for a job and accept any wages offered.
Double digit unemployment is coming....bankruptcy filings will also rise.

Then will come the cash infusion to ease borrowing restrictions and for infrastructure investments to begin again. New offices, new apartments, new factories and warehouses. The fix is worse than the disease in this case. Every large major investment firm is sitting on more cash than in the entire history. From BlackRock to Warren Buffet....they are dumping assets and sitting on cash. Looking the world over for a place to invest.

You are describing the great reset.

Then digital currency and the Mark of the Beast will follow.

It's old news. Just read Revelations.

Bill Gates Declares Everyone on Earth Must Prove Their Identity Using His 'Global Digital ID System'

Globalist billionaire Bill Gates has demanded nations of the world adopt his “global solution” for “digital ID” to force every single person on Earth to join his “global digital ID system.”. In a post on X, formerly known as Twitter, Gates complained that there are hundreds of millions of people...

www.eutimes.net

Bill Gates is their cheerleader.

 

[JWBooth]

Rates have been artificially low since the early days of shrub’s first term. Long overdue for them to approach normality. Powell is meekly attempting to slay the inflation dragon.

 

[Votto]

Rates have been artificially low since the early days of shrub’s first term. Long overdue for them to approach normality. Powell is meekly attempting to slay the inflation dragon

The fiscal policy of the US has been a running joke for some time now.

Biden is just here to finish it all off is all.

 

[BluesLegend]

Trillions in wasteful government borrowing and spending is an economic wrecking ball.

 

[Billiejeens]

And they will STILL vote democrat.

90% of Hawaiians still say they will vote for biden.

All I can do is sit back, eat popcorn and enjoy watching their suffering.

View attachment 818551

The power of the Cult.

 

[Flash]

And they will STILL vote democrat.

90% of Hawaiians still say they will vote for biden.

All I can do is sit back, eat popcorn and enjoy watching their suffering.

View attachment 818551

We can't fix that level of stupidity, can we?

The definition of insanity. Doing the same stupid thing over and over again but expecting different results.

 

[Flash]

Rates have been artificially low since the early days of shrub’s first term. Long overdue for them to approach normality. Powell is meekly attempting to slay the inflation dragon.

Normal for the last 20 years is that interest rates were low enough that people could afford to mortage a home. That is s good thing.

That idiot Biden's inflation is adding a substantial burden on the cost of the American Dream to own your own home.

Just another example of the destruction of the Democrats. They fuck up everything they touch.

 

[Billiejeens]

One of the worst consequences of Potatohead's massive inflation is that interest rates are almost three times higher than when Trump was President.

This is a tremendous hit on American families trying to get affordable housing or even a vehicle. That is in addition to the tremendous increase in food and just about everything else.

The damage done by Potatohead getting away with stealing the 2020 Presidential election compounds.



The interest rate on the most popular U.S. home loan last week shot to the highest since December 2000, helping drive mortgage applications to a 28-year low, a survey showed on Wednesday.
The Mortgage Bankers Association said the average contract rate on a 30-year fixed-rate mortgage climbed 15 basis points to 7.31% in the week ended Aug. 18. That came after yields on the government bonds that influence home-loan rates surged to the highest since the 2007-2009 financial crisis.

US 30-year mortgage rate soars to highest since 2000

Today's reminder that a coup never improves a country.

 

[Tennokee]

Soon people will have to live in government housing.

That was the goal all along, except, of course, for rich democrats like Oprah and Bill Gates who are buying up all the poor folk land.

They would really like to reel in all those independent type people living in the rural areas who are sitting on acres of property. Its usually medical reasons that bring them to eventually live closer to town.

I think they want to see that process sped up.

 

[Independentthinker]

One of the worst consequences of Potatohead's massive inflation is that interest rates are almost three times higher than when Trump was President.

This is a tremendous hit on American families trying to get affordable housing or even a vehicle. That is in addition to the tremendous increase in food and just about everything else.

The damage done by Potatohead getting away with stealing the 2020 Presidential election compounds.



The interest rate on the most popular U.S. home loan last week shot to the highest since December 2000, helping drive mortgage applications to a 28-year low, a survey showed on Wednesday.
The Mortgage Bankers Association said the average contract rate on a 30-year fixed-rate mortgage climbed 15 basis points to 7.31% in the week ended Aug. 18. That came after yields on the government bonds that influence home-loan rates surged to the highest since the 2007-2009 financial crisis.

US 30-year mortgage rate soars to highest since 2000

Guess you haven't heard. Things are going just great right now.

 

[Flash]

Guess you haven't heard. Things are going just great right now.

Massive inflation, high interest rates, millions of goddamn Illegals flooding our borders, massive crimes in the Democrat controlled big city shitholes, decreased family income, dismal economic growth, artificial high cost of energy, increased poverty, astronomical debt with nothing to show for it and a weaken inept queer and tranny military. That doesn't even include a stolen election, major corruption in the White House and the country being turned into a Banana Republic by the filthy ass Leftest turds.

Yea, thing are going great. Really great.