US Default? Since 2008, Net Interest Costs UP 192%, Social Security And Health Entitlements UP 140%, Nondefense Discretionary Spending UP 76% Based On 2032 Federal Budget

by confoundedinterest17 Newly-minted US House Speaker Kevin McCarthy faces a daunting task: trying to avoid a US debt default. As I have discussed many times before, nothing has been the same since the US housing bubble and near-collapse of the banking …

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Mortgage Applications Dropped To Lowest Since 1996 As Purchase Applications Drop -22.2% WoW, -38.5% 2WoW, -42% YoY (Refi Apps Down -87% YoY)

by confoundedinterest17 Mortgage applications generally nosedive in the last two weeks of the year (seasonality effect), but Federal Reserce monetary tightening to fight inflation is making the last two weeks worse than usual. Mortgage applications decreased 13.2 percent from two …

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Mortgage Bomb Cyclone! Mortgage Rates Drop 82 Basis Points Since October 21, Yet Purchase Apps Down -17.25% (Purchase Apps Down 36% Since Last Year, Refi Apps Down 85% Since Last Year)

by confoundedinterest17 The mortgage market is behaving like today’s bomb cyclone in terms of the weather. Bomb cyclone in that mortgage rates have dropped 7.16% on October 21, 2022 to 6.34% on December 16, 2022 (a drop of 82 basis points), …

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PRESS SECRETARY: “What we saw on January 6th was the worst attack on our democracy since the Civil War… LMAO!

https://twitter.com/_/status/1605001761889976321 WH press sec.: "What we saw on January 6th was the worst attack on our democracy since the Civil War." pic.twitter.com/BxZRF3oJqT — HighImpactFlix (@HighImpactFlix) December 20, 2022 pic.twitter.com/3jgYCTXhvt — Kirky861 (@Kirky861) December 20, 2022 h/t BFD