The housing markets took another hit as mortgages have reached two-decade highs. In response, house prices are falling.
The far-left Washington Post reports that mortgage rates are at 20-year highs.
Mortgage rates topped 7 percent this week, the highest level in 20 years — and the latest sign that the Federal Reserve’s aggressive moves to slow the broader economy are hitting the housing market hard already.
BIDEN ECONOMY: Home Values Across the Country Dropping Rapidly – Especially on the West Coast
The Biden economy is a mess. The markets are down a record amount in 2022. Inflation is at the highest rate in 40 years. Americans are getting killed in their savings and their home prices.
This is a disaster.
The post BIDEN ECONOMY: Mortgage Rates Hit Two Decade High as House Prices Plunge appeared first on The Gateway Pundit.