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by confoundedinterest17
Biden’s green energy policies (limiting supply) caused a tremendous surge in energy prices and food prices (one has to pay to get food shipped!). But in order for The Fed to cool inflation, they are in the process of tightening their loose monetary policy since late 2008.
One of the consequences (intended or unintended) is that as mortgage rose, homebuyer mortgage payments rose 45.5% YoY.
See also The Fed’s rate hike pace is the fastest in the last 40 years, and US mortgage rates have risen to their highest level since October 2008. Inflation is a lot stickier than they thought.
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See also MORTGAGE demand crashed -30% since last year
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