re: interest rates on home mortgages wont fall anytime soon

You had HISTORICALLY low rates for Too long. Just pull up a 10 year fed funds chart. That’s all you need to know. Here is what happened

1. Obama’s fed finally started bumping up rates at the end of his term. Just little quarter bumps. That was the right thing to do
2. Trump’s fed came in and continued the same thing. Quarter bumps.
3. Then they paused in Dec of 2018. And Trump got on his bully pulpit. Starting telling everyone how “disappointed we all were with the fed. And in June of 2019, they started lowering rates. (That was a Mistake)
3. Then next Spring Covid hits (further complicating matters)

Just look at the chart. It tells the whole story.

Rates were low for WAY too long. Inflation does not happen overnight. Biden’s fed jacked shite up with the steepness. And that’s what needed to happen.

Sorry if that doesn’t fit the moronic “Biden’s Inflation” rhetoric you Dipshits keep spewing. Just look at the fricking chart.