30-Year Fixed Mortgage Rate Drops for 3rd Consecutive Week: Freddie Mac

Yeah, consumers facing high rates on home mortages is all about worrying about the oligarchy and wall street. . His orange hero is part of the oligarchy.

 

Rick has impeccable timing. This thread in a nutshell:


Current mortgage rates report for April 11, 2025: Interest rates continue their rapid rise

 

No one who doesn't have to, is buying a waaay over priced house at a 7% mortgage.

 

Economic observer Mike Sherlock was predicting stagflation in October 2023

 

Seem weird but there doesn’t look like much housing stress yet.

Came out 2 weeks ago but it’s Feb data.



https://www.census.gov/construction/nrs/pdf/newressales.pdf

 

All I know is that was buying a new home, if use the mortgage lenders that the Epoch Times surveys, because they clearly have better rates than the others.

 

Just because someone calls you out for your lies, doesn't make them a loonie lefty. But I do appreciate your attempt to trigger me, even with the horrible grammar.

 

Looney lefties=anyone who disagrees with the cult, regardless of how reasonable their position may be.

We’ve had a significant single family housing shortage in the US since the GFC, even with mortgage rates at 2-3%, exacerbated by the rate spike and supply chain woes of the past 2-3 years. Some estimate the shortage at upwards of 7 million single family homes, which is a major demand driver behind multi-family sector doing so well the past 10 years, even the last two years as supply has bubbled. The GFC forced national home builders to adopt “land light” models over time (the residential real estate development equivalent of Toyota’s Just In Time inventory model) and they just don’t have the land inventory any longer to build enough homes now to satisfy supply woes without having the market punish their balance sheet for carrying too much raw land. That’s why Lennar just spun out a private subsidiary to hold land and develop lots to be sold to Lennar (and others); time will tell if it works.

Lennar Makes a MAJOR Move

 

Even it is a cut for the wealthy, so what? Are you a card-carrying communist that is against Capitalism? Show me a poor person that hires other people to work for them and I will know you're a very unserious person.

 

Here we're thinking Rick is the russian-commie lover like his Orange master that takes all money from the commoners for the oligarchy. LOL

 

You really don't think that low income folks ever hire people? You figure that every small business that hires an employee is led by people that are in the highest income brackets?

 

All business owners are the wealthiest people in the world? Now I know you're not serious

 

Today:
Today's Mortgage Rates April 14, 2025: Rates Jump to 7% as Inflation Grips

 

Do you plan to come in and correct your post or what?

 

The problem isn't just that it's a tax cut for the wealthy, it's that it's a tax cut for the wealthy that will further explode the deficit and increase the national debit. While it was obviously excessive capitalism in the US was fine the 1950s when top tax rate was 90% or even in the 1990s when it was 39.6% under Clinton, the difference being that back in 1950s under Eisenhower or the 1990s under Clinton deficits were relatively small and we even experienced surpluses. Under the stable genius federal deficits exploded.