Energy WAR? OPEC+ To CUT Oil Production, Gas Prices Expected To Spike AGAIN, Home Prices BOTTOMING OUT? 'Bubbly' Markets Could Sink By 20 PERCENT, Russia EXCLUDED From Nord Stream Explosions Investigation, And More: 10.6.22
Rising
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Is It a Good Thing?
Housing affordability has deteriorated at the fastest pace on record. The difference between benchmark interest rates like on the 10 year US Treasury and the average mortgage rate is now about 7%. And that's because private investors like banks are constrained from coming in and buying up mortgage bonds. A lot of fallout from 2008 passed on to this new generation of would-be homeowners.
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