Bidenomics... reality! 194% increase in 30 year mortgage rates from 2021 to today!

[healthmyths]

30-Year Fixed Rate Mortgage Average in the United States

View data of the average interest rate, calculated weekly, of fixed-rate mortgages with a 30-year repayment term.

fred.stlouisfed.org

Today Bidenomics: 8.151%
Trump Jan 2021: 2.770%
Bidenomics increase: 194% in just 3 years!

United States 30-Year Mortgage Rate

30 Year Mortgage Rate in the United States decreased to 6.47 percent in June 18 from 6.52 percent in the previous week. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.

tradingeconomics.com

 

[yidnar]

everything is more unafordible since the most radical regime and their puppet took the WH .

 

[Independent thinker]

30-Year Fixed Rate Mortgage Average in the United States

View data of the average interest rate, calculated weekly, of fixed-rate mortgages with a 30-year repayment term.

fred.stlouisfed.org

Today Bidenomics: 8.151%
Trump Jan 2021: 2.770%
Bidenomics increase: 194% in just 3 years!

United States 30-Year Mortgage Rate

30 Year Mortgage Rate in the United States decreased to 6.47 percent in June 18 from 6.52 percent in the previous week. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.

tradingeconomics.com

View attachment 831393

Guess you haven't heard. That's all Trump's fault.

 

[Remodeling Maidiac]

Another housing collapse is in the pipeline thanks to Biden & the feds.
This time it won't be people that bought what they couldn't afford. It'll be average Americans pushed out of their homes because of rising rates & out of this earth tax hikes on property.

It's almost like the Biden administration is intentionally trying to crash our economy

 

[SassyIrishLass]

Biden is a complete disaster

 

[Mac1958]

The inflation was inevitable. But I know, run with the partisan politics.

 

[1srelluc]

We never had is so good!

 

[healthmyths]

So what is the actual out of pocket effect of an increase of 30 year mortgages from 2.77% to today's 8.151%?

Some facts folks... not guesses!
According to data from the National Association of Realtors, the median price for an existing home — one that's already standing, not new construction — was $410,200 in June 2023.

Median Home Prices In Every State | Bankrate

California has the highest home prices in the U.S. Read on to find out which state is the most affordable, and every state in between.

www.bankrate.com

So if you had signed a loan with 20% down for a $400,000 home in 2021 the end of Trump's term
the monthly payment would have been for a $320,000 30 year mortgage:

• Payment Every Month $1,297.91
• Total of 360 Payments $467,248.46
• Total Interest $147,248.46

Loan Calculator

Free loan calculator to find the repayment plan, interest cost, and amortization schedule of conventional amortized loans, deferred payment loans, and bonds.

www.calculator.net

Now today's 2023 mortgage rate is 8.151%

• Payment Every Month $2,381.82
• Total of 360 Payments $857,454.58
• Total Interest $537,454.58

In one year the 2023 home owner will have to pay each month $1,083.91 MORE than they would have in 2021!

Just 2 years and the payment has increased 83%!