by SilverBoatSurfer
Mortgage Rate Hit 6.28% Today. Real Estate Market About to Get Interesting.
Property prices PLUNGE by up to 20% across parts of US as buyers shun the market amid ‘Bidenflation’ and spiking interest rates
Wait for it: here comes the implosion of Housing Bubble 2.0. Trillions in fake wealth created by fake Yellen Bux “money” is about to be vaporized. Got silver?
Mortgage backed securities collapsed below 2007 house crash low… What just a happened… ?
https://twitter.com/MFHoz/status/1536791997436071948
Risk happens fast via @NAHBhome pic.twitter.com/EQvMos6ZJc
— LongConvexity (@LONGCONVEXITY) June 15, 2022
NAHB: Builder Confidence Decreased to 67 in June; "Traffic of prospective buyers" Falls below Breakeven https://t.co/X0PsrqfpmD
This survey was before the recent surge in mortgage rates, and "traffic of prospective buyers" is now below breakeven (below 50). pic.twitter.com/fT97rmsKFk
— Bill McBride (@calculatedrisk) June 15, 2022