re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000

Age of Easy Money Documentary

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

Investment Capital has drastically fled the oil business SPECIFICALLY because of this administrations behavior and awful rhetoric towards energy.

This administration purposely tried to install a lady named Omarova, a communist who made a name for herself at Cornell etc. by publishing how the US Gov should bankrupt all oil cos and take them over for full gov control Soviet style and then bleed them out - to use monies for transition here in US. That was for the head of Banking’s OCC role - very powerful regulatory body that can shut down bank’s lending based on certain ratios - which wants to make Emissions and ESG a balance sheet item that bankrupts oil cos / ruins profit metrics due to emissions fines.
When that lady was questioned about these legal articles she published she said it was just an academic exercise. bullshite. Then she quit the process once she was exposed.

They then try to go under the table and secure barrels from Venny and other shady actors.

Get your head out of your arse.

quote:

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In the meantime lots of potential homebuyers are stuck on the sideline. I would imagine that as soon as rates come back down a bit(in the next couple year) many of those people will jump back into the market

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for every 1% drop of the interest rate, it's estimate that between 5 to 7 million new buyers enter the market... meaning more bidding wars, less concessions, and more competition for the existing low inventory on the market, keeping prices high or increasing them...

Maybe!!