Mortgage Rates and Federal Reserve

JP Mortgage Chase Bank Mortgage is offering 30 year fixed mortgage rates at 6.25% for a prime borrower: This rate is priced for a prime borrower which in the eyes of Chase has a 740 FICO or higher, has 25% down payment, and a purchase price of not greater than $832,500 and debt to income ratio of not great than 45%. Chase Bank is advertising this all over the internet. Is this a true rate that a borrower can legitimately get on a home purchase loan or is there something sneaky and deceptive on the advertisement such as discount points, hidden fees, junk fees such as credit report fees, processing fees, underwriting fees, tech fees, accounting fees, due diligence fees, and other click bait type fees that will be profitable to Chase. I just cannot understand on how Chase can offer such low rate when par mortgage rates (Fannie/Freddie) is 6.75% without charging discount points? Who else has competitive rates? I know Gustan Cho Associates Mortgage Group often has the best rates for prime borrowers due to being mortgage broker and correspondent lender with over 300 plus wholesale lending partners. What is the best rate the team at Gustan Cho Associates as well as other reputable mortgage brokers and/or lenders is offering now? I do realize that we are in a time and period where rates are volatile and have been soaring the past couple of weeks due to high inflation, high home prices, skyrocketing volatile oil prices, better than expected jobs and economic data, better than expected financial news at all levels, and the conflict in Iran. However, I heard a peace treaty was reached and oil prices started plummeting.

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how does UWM one percent rate buydown for fist year work? From what I heard was that Rocket Mortgage offered a one percent mortgage rate buydown with NO points. I don’t quite understand how that works. From my understanding, that means the first year, the rate is reduced by 1.0$ from the going market rate and starting year two, it goes back to what the market rate is. Many unanswered questions is how does the one percent mortgage rate reduction from the market rate work? What happens year two? What mortgage rate will the borrower get? Will it be a fixed rate or adjustable rate? How does UWM 1% rate buy down with NO DISCOUNT POINTS compare to Rocket Mortgage one percent rate buydown? Again, from my understanding, Rocket Mortgage started this 1% rate buydown for the first year and UWM followed. Thank you.

What Is a 3-2-1 Buydown Mortgage?

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What Is a 3-2-1 Buydown Mortgage?

A 3-2-1 buydown mortgage is a type of loan that starts out with a low rate and increases over three years until it reaches its permanent rate.

Seattle was once one of America’s fastest growing tech cities, powered by companies like Amazon, Microsoft, and Boeing. But now the city is facing a very different reality. Office towers are sitting empty, condo prices are falling, layoffs are spreading across the tech industry, and thousands of residents are leaving the city.

In this video, we break down Seattle’s growing housing crisis, the wave of tech layoffs tied to AI and remote work, and the political decisions that many believe are making the situation even worse. From collapsing downtown property values to rising taxes and a shrinking tech workforce, this is the story behind Seattle’s economic slowdown in 2026.

Are these just temporary problems, or is Seattle entering a long-term decline?

https://youtu.be/gFa1YGknXOA?si=gbnOxPtV8pdOlBGN

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https://youtu.be/f8-C84FMHfE?si=gB1HjAkEILFAjAcq

Gold and Silver Prices Surge. The economy continues to plummet. Inflation keeps on surging like an runaway freight train. The Dow Jones Industrial Average and other indices continue to surge and tank like a blind Eagle out of control. Mortgage rates back over 7% is killing the housing market and signaling the worst financial and housing economic climate and crisis. This is the biggest financial bubble bomb in United States has, had, and will face.

https://youtu.be/cIQG01DRxHk?si=xxHJhbe-VwY_wlqA

The Connection Between 10-Year Treasury Yields & Mortgage Rates – From GCA Forums News

What causes lower 10-year Treasury yields to lower mortgage rates?

• The closely observable indicators within finance and real estate are mortgage rates and the 10-year US Treasury yield. As it affects mortgage rates, it also affects the housing market.

A decrease in the yield on decade Treasury bonds usually brings a decrease in mortgage rates. But how does this work? And why is the 10-year Treasury yield such an important benchmark?

• Let’s answer these questions in a way that is easy to understand, search engine optimized, and suitable for GCA Forums News readers.

Diving into the 10-Year Treasury Yield

• A 10-year US Treasury bond is a type of governmental debt security.
• Investors purchase these bonds because they are considered low-risk and stable, commonly called the safest security.

The yield (interest rates) on 10-year Treasury bonds is determined by supply and demand:

• A rise in demand causes an increase in bond prices, leading to a drop in yield.
• Low demand leads to lower bond prices, resulting in a yield rise.

💡 Why does this matter?

• Interest in loans, such as mortgages, car loans, and business financing, rests within the boundaries of the 10-year treasury yield, a key benchmarks that greatly affect them.

🏡 The Connection Between 10-Year Treasury Yields & Mortgage Rates

✅ The 10-year treasury yield and mortgage rates change together.

✅ The majority of lenders set their rates for a fixed 30-year mortgage by the 10-year treasury.

✅ Mortgage rates usually tend to decrease with the treasury yields.

🔗 The Logic Behind It:

• Safe Asset is Sought After → Bonds Prices Relocate → Decline In Yield.
• Shifting money towards bonds results in a strong demand, which raises bond prices.
• Increasing bond prices results in low yields (interest rates available to the bondholders).

Lower Market Interest Rates Indicate Lower Treasury Yields

• Lenders depend on the 10-year treasury when estimating mortgage rates.
• Lowering yields allows lenders to reduce the mortgage rates to obtain loans.

Lenders And Banks Modify Pricing of Mortgages

• Usually, mortgage lenders are expected to incorporate the ten-year treasury yield’s spread ( a minor markup).

Case in point:

• If the ten-year yield is 4%, mortgage rates with this spread are 6%.

📌 Bottom Line:

🔹 Lower 10-year Treasury yields result in a lowering of mortgage rates.

🔹 Higher 10-year Treasury yields result in a rise in mortgage rates.

📊 Real-World Example: 10-Year Treasuries & Mortgage Rates in Action

A historical comparison of 10-year Treasury yields and 30-year mortgage rates looks like:

Year |10-Year Treasury|30-Year Mortgage Rate|

2020 | 0.60% | 3.00% |

2021 | 1.50% | 3.25% |

2022 | 3.90% | 6.50% |

2023 | 4.50% | 7.25% |

2024 | 3.85% | | 6.75% |

💡 Notice the pattern?

• From 2020-2021, as the 10-year yield declined, mortgage rates also decreased at an unprecedented rate.
• However, as yields increased in 2022-2023, mortgage rates rose above 7%.
• If we anticipate yields dropping in 2025, then mortgage rates may decrease!

📉 What Causes 10-Year Treasury Yields to Drop?

Ten-year treasury yields do not drop randomly. They respond to the economy’s performance, Federal Reserve policies, and investor behavior.

Key Factors That Lower Mortgage Rates And Treasury Yields

Economic Uncertainty & Recession Fears 🏦

• When a recession looms, investors keep funds in secure resources like Treasuries.
• This leads to bond prices rising while yields decrease, which causes mortgage rates to reduce.

Federal Reserve Policy & Interest Rate Cuts 📉

• It is a common tendency for treasury yields to decrease when the Fed lowers its interest rates.
• When the Fed predicts future rate cuts, investors are more inclined to purchase bonds, which results in decreased yields.
• This also aids in reducing mortgage rates!

Assisting In The Reduction Of Inflation 📊

• High inflation leads to high yields and, consequently, high mortgage rates.

🔹 If inflation decreases, the yield on treasuries falls, allowing mortgage rates to decrease.

Uncertainty In The Global Market 🌍

• Circumstances like warfare, financial complications, or a market collapse drive investors to purchase US treasuries.
• This pushes the demand for bonds even though they lower yields and increase mortgage rates.

🔮 Looking Ahead:

Is It Possible That The 10-Year Treasury Yield Dropping Decrease Mortgage Rates in 2025?

Analysts suggest that mortgage rates could drop if the Federal Reserve reduces interest rates. Lowering these rates would decrease the 10-year treasury yields.

GCA Forums News: Mortgage Rate Predictions

• ✔️ It is likely that if the 10-year yield dips under 3.5%, mortgage rates will default to the sweet spot of 5.5%-6%.
• ✔️ If inflation stays high and the Fed decides to raise rates continuously, mortgage rates will most likely remain at the 6.5%- 7.5% margin.
• 💡 Those hoping to buy a home should always monitor the 10-year treasury bond yields. A lower yield translates into lower rates and lesser interest when paying off mortgages.

🏡 What does this mean for prospective homebuyers and homeowners?

For those wanting to purchase a new home:

• Analyze the 10-year bond yields for reductions.
• A reduction usually links to lower mortgage payments down the line.

If the yields look good, pay the interest for a fixed rate and expect great savings.

If you’re looking to get a better rate on your current mortgage, keep an eye out for better compensation rates:

• The drop in the treasury yield means it is prudent to wait for increased refinance rates so you can zip on down to lower payments.
• Your loan’s interest rate dropping by just one percent can result in huge savings over the mortgage term.

For Real Estate Investors

• Reduced rates usually mean more cash flow from rented real estate conduits.
• Lowered rates will likely increase demand for homes, increasing property values.

Remember the 10-year Treasury yield!

A reduction almost always follows the reduction in the 10-year treasury yield in the mortgage rates.

This prime and basic deal is a good dollar for tracking and estimating the timing of making the investment, home purchase, or refinance.

📢 what are your thoughts on these market predictions? Are you standing on the thought that mortgage rates will plummet in 2025? Could you share with us your thoughts down below👇?

📌 Are you looking for pre-approval and mortgage opportunities?

Contact Gustan Cho Associates NMLS 873293.

We assist in all states within the US and its territories!

📞800-900-8569

📧 Email: alex@gustancho.com

https://www.youtube.com/watch?v=gbzSaWFS8VY

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As of the week ending on April 25, 2024, the average rate for a 30-year fixed-rate mortgage is reported at approximately 7.877%. It’s important to note that these rates have seen some fluctuations, and various factors including economic conditions and the borrower’s credit profile influence the final rate offered. For those considering refinancing, the average rate for a 30-year fixed-rate refinance loan has slightly increased to about 8.425%​​.

Mortgage rates are significantly influenced by economic factors, personal financial details of the borrower, and the specific conditions of the mortgage market at the time. For instance, someone with a strong credit score and a substantial down payment might secure a lower rate, while those with lower credit scores or smaller down payments might face higher rates​​.

If you’re thinking of securing a mortgage or refinancing your current one, it would be beneficial to compare rates from multiple lenders to find the best deal for your situation. As of April 30, 2024, the housing market is showing signs of resilience and growth in certain areas despite ongoing challenges like high mortgage rates and affordability issues. Key insights include:

• Home sales have seen a mix of increases and decreases depending on the region. Nationally, existing home sales have improved month-over-month but are still below the levels from the previous year. New home sales show slight growth compared to the previous year, indicating a shift where more buyers are opting for new homes due to the low supply of existing homes​ (Freddie Mac – We Make Home Possible)​.

• The National Association of Realtors (NAR) forecasts a significant increase in existing-home sales to 4.71 million for 2024, which is up from the previous year. This growth is expected to be concentrated in markets with high demand such as Austin, Texas, which is noted as a top market to watch due to pent-up housing demand​ .

• Mortgage rates have remained steady with an average of around 6.8% as of March, impacting both buying and refinancing activities. Although this presents challenges, there’s an uptick in both refinance activity and purchase applications as the market adapts to these conditions​ (Freddie Mac – We Make Home Possible)​.

Overall, while the housing market faces headwinds from higher rates and price pressures, certain regions are experiencing growth, and there’s a general sense of cautious optimism as the market adapts to the economic landscape of 2024.

https://www.youtube.com/watch?v=LYQgJlwKskc

• This discussion was modified 9 months, 3 weeks ago by  Sapna Sharma.

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Here is a link about an economist aggressively forecasting mortgage rates will drop under 4% in 2024. Could 2024 be a bull market for loan officers? Out of 150,000 loan officers, close to 100,000 either left the mortgage industry completely, retired early, or let their NMLS licenses expire and are in a different industry or thinking about going into a different industry. Hundreds if not thousands of mortgage companies, whether they are mortgage bankers, correspondent lenders, or mortgage brokers went out of business in 2023

https://youtu.be/aWePq5–Seg?si=L2Q_8ad8MFchhyuK

Mortgage Rates forecasted to plummet under 3% according to Business Insider Economis

https://www.businessinsider.com/fed-rate-cut-outlook-economy-recession-forecast-2024-inflation-ubs-2023-12

businessinsider.com

The Fed will lower interest rates under 3% as a mild recession leads to a 'soggy 2024,' UBS chief economist says

"We think we're going to end up with a relatively soggy 2024 when we look back at the end of next year."

Lennar Homes are slashing their new home prices by 25% in 2024. CEO of Lennar admits their mortgage division is experiencing delinquencies and a higher number of debt to income ratio from consumers. Lennar Homes is America’s second largest New Home Builder.

https://youtu.be/6mmQ2TEoK-g?si=nj2aidmYgL_awc8N

30 year treasuries skyrocketing this morning surpassingthe 4.5% mark. Mortgage Rates expected to increase this morning when they open. What’s going on? Rates are expected to increase until the 2024 election.

Inflation rates are soaring like never in history. Mortgage Rates are at 25 year highs. Mortgage rates we 2.5% 18 months ago and today is 7.625% for prime borrowers. Borrowers with sub 680 credit scores are paying 7.75% plus 3.5% in discount points. Home prices are at historic highs. Many would be homebuyers are priced out of the housing market. The mortgage industry lost 50,000 licensed mortgage loan originators from 140,000 to 90,000 and is expected to see more loan officers leave the mortgage industry. Every thing is going up. Car prices have skyrocketed and continues to go higher. Homeowners insurance premiums are increasing like never before. Joe Biden makes a speech a few days ago saying that Inflation is low under his watch. What is this guy thinking?

https://youtu.be/94-xcl1m6hk?si=g29nmNkMs2ZvY_Mg

It was a pleasure speaking with Kelce Rock, a residential, business, and commercial loan officer with his own team and extensive experience in commercial and business loan originator. Mr. Kelce Rock truly goes above and beyond for his clients and I have absolutely no doubt Kelce will make a phenomenal state senator and future member of U.S. Congress where he will make a difference. We need politicians who serve American Families and not dumbocrats like Imbecile Biden and Sex and Crack Addict Hunter Biden who enrich themselves and are known pedophiles. Dumbass Hunter Crackhead Biden has absolutely no morals and even goes and marries his dead brother’s wife. What a pig.

https://www.youtube.com/watch?v=h3YHiQe3jh4

Inflation refers to the general increase in prices of goods and services in an economy over a period of time, leading to a decrease in the purchasing power of money. When inflation occurs, each unit of currency buys fewer goods and services than it did before. It is usually expressed as an annual percentage rate.

Inflation can be caused by various factors, but some common drivers include:

1. Demand-Pull Inflation: This occurs when the overall demand for goods and services exceeds the available supply. When demand outstrips supply, prices tend to rise.

2. Cost-Push Inflation: This type of inflation is caused by an increase in the production costs for businesses, such as rising labor costs or raw material prices. As businesses pass these increased costs onto consumers, it leads to higher prices.

3. Built-in Inflation: This is also known as wage-price inflation and occurs when businesses raise prices to compensate for increased labor costs, and workers, in turn, demand higher wages to keep up with the rising prices.

4. Monetary Factors: The money supply in an economy can also influence inflation. If the central bank prints more money without a corresponding increase in economic output, it can lead to too much money chasing too few goods, causing inflation.

Inflation is typically measured using various price indices, such as the Consumer Price Index (CPI) or the Producer Price Index (PPI), which track changes in the prices of a representative basket of goods and services.

Some level of inflation is generally considered normal and even desirable in modern economies. A moderate and stable inflation rate can encourage spending and investment and can help avoid deflation, which is a persistent decrease in prices that can be damaging to economic growth.

Central banks and governments often aim to keep inflation at a target rate (usually around 2% in many advanced economies) through monetary and fiscal policies. However, when inflation becomes too high or too volatile, it can erode the value of savings, disrupt financial planning, and create economic instability. Conversely, low or negative inflation can also have adverse effects on the economy, such as encouraging hoarding and deferring spending. Striking the right balance is essential for maintaining a healthy and sustainable economy.

What is the current state of our economy? Has Bidenomics helped our economy like Kamala Harris keeps on saying? Did the United States have a soft landing like Janet Yellen and Jerome Powell said? Democrats are saying we dodged a bullet because of the Biden Administration. The unemployment numbers came in at 4.2%. Are the unemployment numbers real or not accurate? Inflation numbers are at 3% but that number is not correct if you shop for goods and services. Mortgage rates went from 2.5% in 2019 to 7.5%. How did the sudden 400% jump in rates affect the economy? How is the 100% plus increase in home values affecting our economy? How is unemployment numbers at 4.2% is not reflective to actual Americans out of work?

https://youtu.be/bjm9VGuN8NI?si=CfkRTvarcQ1ybkZi

HOW MORTGAGE BROKERS CALCULATE INCOME AND RATES?

How Credit Scores Impact Mortgage Rates On Conventional Loans?

The automotive market is collapsing. Consumers are having a very difficult time making the minimum monthly car payment. Repossession numbers of cars are skyrocketing. Inventory of new cars is stockpiling to historic levels. One in five consumers is getting denied car loans. Nobody is buying pickup trucks, SUVs, and higher-priced vehicles. Car interest rates are 7% to over 10%, depending on your credit score. And Kamala Harris is saying that Joe Biden fixed our economy? Did Bidenomics work, and will she continue? What a liar. The economy sucks. There is an economic collapse coming our way. A huge recession will come in the coming months: housing, car, and stock market crash.

https://youtu.be/GSmWcXf4ThE?si=WUVNYcwJ0SnDo89K

What is Bidenomics? Is Bidenomics a real thing? The U.S. economy is in crisis. Inflation is soaring. Mortgage rates have tripled from its low a few years ago from 2.5% to 7.5%. Home prices have doubled in many parts of the country and its not if we are going to have a housing bubble but when. Unemployment numbers came out last Friday and just skyrocketed from 3.2% to 4.3%. Many people cannot keep up with inflation. The economic data and numbers being released are lies. The inflation rate is NOT 3%. Look at the prices of goods and services when you go shopping. Most consumers see prices of goods and services are 100% to 500% higher than what it used to be. NOT 3% to 4%. Look around you. Look at how many people are out of work. Again, LIES, LIES, LIES. 4.3%? I don’t think so. The Dow Jones Industrial Average should NOT be at 40,000. The Federal Reserve Board is printing money like it is going out of style. Is Kamala Harris that much of an IDIOT? I think so. Kamala Harris is going around touting and bragging about Bidenomics and that Bidenomics is here to stay. Joe Biden is going around bragging that he made the economy of the United States through Biden Economics. So what is Bidenomics and what makes Biden Economics so GREAT? What is the difference between Reaganomics and Bidenomics? Why is the least popular politicians, Kamala Harris, going around and running on Bidenomics and how great Joe Biden was as President of the United States. Does Harris realize that Joe Biden stands to be the worst President in the History of the United States, making him worse than Jimmy Carter? So, can you please explain in detail what Bidenomics is so we, the American people, can understand?

https://www.youtube.com/watch?v=BGPqLlicmYM

How can I get a home loan with low mortgage rates? How do lenders price mortgage rates? What are the step by step process on how mortgage lenders price mortgage rates on conventional and government loans and non-QM loans?

Whatever the Biden Administration and the mainstream media network is telling you how great Bidenomics is and how great the economy is, that’s a lie. Home Depot is facing a decline in revenues year over year. McDonald’s is struggling. The construction industry is struggling. Home prices are plummeting. Inflation is not at 3%. It’s more like 100%. Stay tuned.

https://youtu.be/4HuHFP6wsl8?si=GVuF2TgICwLsXFV5

Peter Schiff, the economist who predicted the 2008 housing market crash now predicts an 80% to 90% housing crash. Don’t underestimate Peter Schiff. Schiff has been spot on his housing and economic forecast for years. Government should not intervene on the open market. The FED printing money has a disastrous impact on the overall economy. Government control and guarantee railroads the housing and banking system where it disrupts the overall economic development system and the end result is a financial crisis. Homeowners who purchased homes are barely surviving and many cannot afford their housing expenses. Homes are getting reasseessed where property taxes are increasing 50% and more. Homeowners insurance is doubling in many areas. Many people cannot afford the maintenance in their homes where the end result will be a tear down. Bankruptcy and foreclosure numbers are skyrocketing at historic highs. Watch Peter Schiff’s commentary on the state of our economy.

https://youtu.be/QjaFDvJ02OI?si=sPI1S5bqTW367cuB

Americans are perplexed when they hear the mainstream media network and politicians announce the economy is doing great and we just had a soft landing. Joe Biden and his cronies such as Jerome Powell, Janet Yellen, Joe Scarborough, Jim Cramer, Chuck Todd, and other Democrats and far left liberals say What Inflation? The Economy is doing GREAT. Look at the stock market how high it is under the Biden Administration. We just had a soft landing. Look at the unemployment numbers and how low it is. All of these clowns are just big fat liars. You don’t need fake economic data and numbers. Unemployment numbers is not 3%. Inflation numbers is not 3%. Go to your nearest grocery store and look at the cost of groceries. Go get your cat repaired and see how much it costs. Go to McDonald’s and see how much a burger, fries, and soda is ($25 dollars easy). How much does it cost to feed a family of four? How much does it cost to care for your dog or dogs? How much does it cost to buy a car? Whether you like it or not, Americans need to face reality and face the facts they are being lied to by Joe Biden and the far left liberals. The dollar is not backed by any hard assets. The Federal Reserve Board is a money printing machine controlled by the Deep State, The Rothschild Family, George Soros, and the Globalists. How can career politicians like Joe Biden, Barack Obama, Bill and Hillary Clinton, Nancy Pelosi, and hundreds of politicians become multimillionaires without a real job or family inheritance. Impossible. Politicians and the deep state are stealing, lying, and printing money. They are not playing by the rules. Americans need to wake up and speak up. Americans need to voice their opinions and concerns. There’s no way we should have a commander in Chief of the United States of America who has stage six of dementia and has the nuclear code. Dementia Lying Cheating Joe Biden is a major liability for our country and is infested with corruption. We need to clean house. Expect a major stock market crash in the coming days, weeks, months. Expect a major real estate crash in the coming short term. The stock market and housing markets will plummet 50% to 90% or more. Expect a financial crisis worse than the 2008 real estate and financial meltdown. We should be ready for this correction so in two to three years we will have everything fixed under the leadership of President Donald Trump. The Federal Reserve Board will be destroyed and we will have a new monetary system backed by silver and Gold. We need to get Dementia Joe Biden and his cronies out of the White House and stop power hunger Jill Biden running the Executive Branch.

https://youtu.be/XMuRkDY1SRw?si=eWeZ0s8GS2JOBpKh

What is the United States Dollar? Does the Dollar have any creditbility? Does the World respect the U.S. Dollar? Is the dollar going to be worthless in the coming months or years?

There is no doubt that Joe Biden is the worst President of the United States and one of the dumbest, if not the dumbest, human being ever to head the Oval Office. I can give you an overview of some of the economic policies and initiatives that were in place during the Biden administration up to my last update.

When Joe Biden took office as the 46th President of the United States in January 2021, he faced significant economic challenges, primarily due to the COVID-19 pandemic’s ongoing impact on the economy. His administration’s economic agenda aimed to address the public health crisis and support economic recovery.

Some key points of the Biden administration’s economic policies up to September 2021 included:

1. COVID-19 Response: Biden prioritized a comprehensive approach to combat the pandemic, including mass vaccination campaigns, expanded testing, and providing financial aid to individuals and businesses affected by the pandemic.

2. American Rescue Plan Act: In March 2021, the administration passed the American Rescue Plan Act, a $1.9 trillion economic relief package. This legislation included direct payments to individuals, extended unemployment benefits, aid to state and local governments, funds for COVID-19 vaccine distribution, and support for small businesses.

3. Infrastructure and Jobs Plan: Biden proposed an infrastructure plan that aimed to invest heavily in infrastructure projects, such as transportation, broadband, and clean energy. The proposed plan also sought to create jobs and boost economic growth.

4. Tax Policy: The Biden administration proposed raising taxes on corporations and high-income individuals to fund various social programs and infrastructure investments. The goal was to address income inequality and generate revenue to support government initiatives.

It’s essential to remember that the economy’s performance is influenced by various factors, including global economic conditions, geopolitical events, and other policy changes. Therefore, I recommend checking more recent sources to obtain an up-to-date and comprehensive assessment of the Biden economy as of August 2023.

https://www.trunews.com/stream/joe-biden-dreams-of-ice-cream-as-nashville-christian-school-children-are-dead

What is the role of the Federal Reserve Board? Who controls the Federal Reserve Board? Is the Federal Reserve Board a legitimate organization? Can the Federal Reserve Board print money? Does the Federal Reserve Board gift money to the elites? Why does the Fed Chairman Jerome Powell lie in front of national television about inflation and our bad economy?

Last week FED CHAIRMAN Jerome Powell announced interest rates will not be cut this year because the economy is in pace on recovering. Inflation has dropped but it’s slightly higher than the 2.0% target. Inflation is at 3% and unemployment rate is at 4 25% which means the economy in the United States 🇺🇸 remains strong. Jerome Powell keeps on lying on national television. The same is true with Joe Biden, Janet Yellen, and hundreds of Democrats on national television. Joe Biden is busy traveling the United States 🇺🇸 campaigning he is the Navy Seal of Fighting Inflation with his Bidenomics. Dementia Lying Cheating Joe Biden aggressively is lying that he took Inflation from 9% when he took office to under 3.0%. All of these clowns are just a joke. Have they not seen prices of goods and services? Ridiculously outrageous. Mortgage loan applications are the lowest in 30 plus years. These numb nuts are destroying America. We need competent politicians and not politicians who never held a job and have been leaching off taxyers for the past 60 years.

• This discussion was modified 2 years, 1 month ago by  Danny Vesokie | Affiliated Financial Partners.
• This discussion was modified 2 years, 1 month ago by  Danny Vesokie | Affiliated Financial Partners.

What is our current state of our economy. Here’s what the two sides of our state of economy:

Democrats:

What inflation? What unemployment? What do you mean recession? Economy is great. Look at the Dow Jones Industrial Average which is at all time high. Rates are great. Home prices are up and that’s a good sign.

Republicans: Skyrocketing inflation, surging home prices, all time high rates, economy is bad and getting worse. FEDS are printing money and our economy is going down the shitter

https://youtu.be/bswXGr8l1HA?si=7w-svYXbjM0YTZPe

Biden Administration is not an inflation fighter

https://youtu.be/plAnR-xxOwA?si=02p7OLrvpvLVk0w0