The ECONOMY ,Stock Market, , & General Finance

Mortgage rates drop under 7% for the first time since August
Mortgage rates drop under 7% for the first time since August


Mortgage rates fell under 7% for the first time since mid-August this week. It is the seventh straight week that rates have dropped, as inflation improves and the Federal Reserve paused its rate increases.



With the Fed signaling in its most recent meeting that rate cuts may be coming in 2024, mortgage rates are expected to continue falling.

https://www.cnn.com/2023/12/14/busi...6rWezp47YiDPcwBTKK1skAYN6&bt_ts=1702574650204

 

My daughter, who is a processer of mortgage loans, tells me she is swamped with new applications. This is good news as for the last couple years she has been moaning about barely getting by. Hopefully some of the people laid off in that industry will start coming back to work. I know the homebuilders and companies like Home Depot will consider this a early Christmas. Speaking of that Merry Christmas and may you have a Happy and prosperous and healthy New Year.

 

The very best of the Holiday season to you and your family too 1!

 

It is hardly revelatory that all voters are informed by their personal experiences.

The portents remain auspicious:

Federal Reserve on cusp of what some thought impossible:
Defeating inflation without steep recession



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Biden's problem remains that people's dim view of the economy derives from the inflation they already experienced, and there's nothing he can do about that.

 

Even though inflation has not been as severe as elsewhere, U.S. unemployment low, and incomes rising, it will take some time before the economy is recognized as being as good as it is.

 

I believe I said that.