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john: you would know, you just bought one. and it s not just white house policies making it harder for the middle class, low housing inventory, rising mortgage rates are pushing many buyers out of the market. grover nar norquist, average 30 year fixed mortgage, 6.67%. i remember when i bought my first house, my first mortgage was 15%, second mortgage was 20%. the house did not cost a lot. there was back at a time when jimmy carter was president. it was. double digits and unfortunately, with biden s extra spending you are seeing over the last may to may, 12 months, 5.3% inflation, that s added into anything you borrow money on. increase the interest rates. and make it difficult for every american. the democrats are trying to make some fight about middle class versus poor people. ....
Right now, it sits somewhere around 4%. and that s certainly better than where it was last year somewhere above 8.5% but it s still not good enough. and it s why the fed chair, jerome powell, has said more interest rate hikes seem pretty likely. in may, the i2 month change in the cpi came in at 4.0%, and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go. the theory is, by making it more expensive to borrow money, it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is too many rate hikes too fast, and the us economy could fall ....
Hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could ....
Right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5% but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could ....