Presidents don’t set the rates. We have seen high rates before and this will start to drive prices down. Rates will stabilize and trend downward once inflation has stabilized.The fed rate is currently been raised to 5.5% and increasing under Joe Biden, the average 30 year fixed mortgage is 7.5%
Joe Biden has priced the average American out of a home, they can't afford it directly related to Bidens actions with interest rates
CNN Business
As mortgage rates soar over 7%, an unaffordable housing market is becoming even more expensive
By Anna Bahney, CNN
Sun August 20, 2023
An already miserably unaffordable housing market is getting more expensive.
As mortgage rates top 7% — the highest they’ve been in 21 years according to Freddie Mac — home buyers face ballooning costs. Some housing experts are warning that rates could keep climbing toward 8%.
Despite recent reports that inflation is cooling, it’s still too high and the economy too hot — and for the housing market, that’s not good, said Freedman.
The fed rate is currently been raised to 5.5% and increasing under Joe Biden, the average 30 year fixed mortgage is 7.5%
Joe Biden's Fed Reserve has priced the average American out of a home, they can't afford it directly related to Bidens Fed Reserve actions with interest rates
CNN Business
As mortgage rates soar over 7%, an unaffordable housing market is becoming even more expensive
By Anna Bahney, CNN
Sun August 20, 2023
An already miserably unaffordable housing market is getting more expensive.
As mortgage rates top 7% — the highest they’ve been in 21 years according to Freddie Mac — home buyers face ballooning costs. Some housing experts are warning that rates could keep climbing toward 8%.
Despite recent reports that inflation is cooling, it’s still too high and the economy too hot — and for the housing market, that’s not good, said Freedman.
Impact on the housing market
As rates for a fixed-rate 30-year mortgage have surged during the past 31 months — up from the lowest weekly average rate of 2.65% in January 2021 according to Freddie Mac — the payment made by a home buyer of a median priced home who put 20% down has risen by more than $1,200 a month. This has pushed buying a home out of reach for many people.
Let’s not forget that Fed Chairman Powell was first nominated by Trump.Presidents don’t set the rates. We have seen high rates before and this will start to drive prices down. Rates will stabilize and trend downward once inflation has stabilized.
Powell is only trying to straighten out Biden's mess.Let’s not forget that Fed Chairman Powell was first nominated by Trump.
Disapproval ratings covers the complete spectrum of the person, who you fooling not me“Vibes from the ill-informed.”
Disapproval polls are irrelevant for anything other than election forecasting. Why do you keep bringing them up as if they mean something?
You’ve yet to be able to even describe that mess.Powell is only trying to straighten out Biden's mess.
I don’t know what you’re talking about but Trump’s disapproval rating is worse than Biden’s.Disapproval ratings covers the complete spectrum of the person, who you fooling not me
That confirms the 81 million of our brightest, I guess. We're in for a rough road that's for sure.I don’t know what you’re talking about but Trump’s disapproval rating is worse than Biden’s.
Little change in Americans’ views of Trump over the past year
63% of Americans have an unfavorable opinion of Donald Trump, while 35% view him favorably. A year ago, Trump’s rating stood at 60% unfavorable.www.pewresearch.org
The presidents appointed Fed Reserve Chairman and board set interest rates, that are currently at 5.5% with a 30 year fixed being at 7.5%Presidents don’t set the rates. We have seen high rates before and this will start to drive prices down. Rates will stabilize and trend downward once inflation has stabilized.
July inflation was 0.2 percentage points higher than June. August numbers aren’t out yet (because it’s still August). That’s not an upward trend.The presidents appointed Fed Reserve Chairman and board set interest rates, that are currently at 5.5% with a 30 year fixed being at 7.5%
Biden and his Fed Reserve have priced the average working American out of a home, with the increase adding $1,200 a month to a mortgage since he took office
Your claim inflation is trending downward is false, July and August are trending up
We have had interest rates this high and higher in the past. People still bought homes. Interest rates w ill eventually come back down and high rates tend to lower housing prices. The main thing that had housing prices skyrocketing was a combination of low rates and low inventory.The presidents appointed Fed Reserve Chairman and board set interest rates, that are currently at 5.5% with a 30 year fixed being at 7.5%
Biden and his Fed Reserve have priced the average working American out of a home, with the increase adding $1,200 a month to a mortgage since he took office
Your claim inflation is trending downward is false, July and August are trending up, it's had 13 months to stabalize, and the trend is upwards
CNN Business
Consumer prices rose by 3.2% annually in July, picking up for the first time in 13 months
Aug 13, 2023
The Hill
Inflation ticks up in July for first time in over a year
Story by Taylor Giorno • 1w
I don’t know what you’re talking about but Trump’s disapproval rating is worse than Biden’s.
past-year/[/URL]
So we’ve moved on from favorability polls?
I just showed you polls that show Donald J. Trump is "favored" over Biden to win the 2024 presidential electionSo we’ve moved on from favorability polls?
Weren’t these polls done before the indictments dropped?The Hill
Trump beats Biden by 6 points in 2024 matchup: poll
BY CAROLINE VAKIL - 06/16/23
NewsWeek
Donald Trump Holds Big Lead Over Joe Biden in Swing States, Polls Show
BY EWAN PALMER ON 7/4/23
You might want to investigate what the rest of the world thinks about him.That explains your Trump disconnect anyway, whereas his millions of supporters like what he says and understands him completely. I would have expected the rest of the English-speaking world to agree...
Trumps favor amongst Republicans has increased with every indictment, we all know it's a political witch huntWeren’t these polls done before the indictments dropped?
Many in the world love president Trump, it's the liberals that hate him, right?You might want to investigate what the rest of the world thinks about him.
Only when you (incorrectly) define all Republicans as Trump supporters.Trumps favor amongst Republicans has increased with every indictment, we all know it's a political witch hunt
Just like the Russia Hoax created by Hillary Clinton and the DNC, that held America hostage for 3 years with $Millions$ of taxpayer dollars wasted, 7 years of constant attack upon President Trump, and he's standing strong!
Last I saw only about 22 million Americans were registered with the Republican Party.Trumps favor amongst Republicans has increased with every indictment, we all know it's a political witch hunt
Just like the Russia Hoax created by Hillary Clinton and the DNC, that held America hostage for 3 years with $Millions$ of taxpayer dollars wasted, 7 years of constant attack upon President Trump, and he's standing strong!
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