It’s Ray Bradbury’s October Country, alright.
Mortgage credit availability has declined to its lowest level since 2014 (and Fed Chair Janet Yellen) as 30-year mortgage rate hover near the all-time low.
As The Federal Reserve Balance sheet expanded to quell Covid, mortgage credit availability shrank and hasn’t recovered.
As an aside, I wish President Trump, the First Lady, Hope Hicks and others stricken with Covid a speedy recovery.
