BREAKING: The mortgage demand index reached 142 this month, recording the worst September since 1994.
— The Kobeissi Letter (@KobeissiLetter) September 28, 2024
Since 2020, mortgage applications declined 55% and sit 44% below pre-pandemic levels.
This is despite mortgage rates falling by 1.1 percentage points since May, to 6.1%, the… pic.twitter.com/wMl6E9572x
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All we have to do is give the Illegals Mortgages! Easy Fix!!!
No surprises here. This is a long time coming. The financial crisis 15 years ago with all the stimulus set things in motion. The COVID plandemic was just the cherry on top as people ran for cover. Housing prices entered into run away inflation as interest rates dropped to near zero. Biden’s inflationary policies created the perfect storm when interests rates rose and prices didn’t fall as greedy realtors and desperate seller tried to cash in or break even. Now, no can aford to buy a home. The fed dropping the interest rate a half a percent will do nothing because the hyperinflation depression can’t be stopped So as Celente says, “When all else fails they take the country to war.” Only this war will be like no other before. It may very well be the last war of humanity.