US 2-year yields just crossed 4%. The rate of change is just staggering, leaving people and businesses little time to adjust to new realities

by silvertomars

The 1 year rate of change for US 30-year mortgages.

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The decline in new single family homes sold is the fastest since… 1980… the buyers are gone and the music has stopped

US existing home sales fell for the 7th month in a row… sales were 20% lower than a year ago… and prices softened significantly… the price of a median home sold in August was $389,500… down from $439,400 at the peak… a decline of 11.4%…

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