{"id":110,"date":"2023-12-11T19:09:18","date_gmt":"2023-12-11T19:09:18","guid":{"rendered":"https:\/\/www.sterlingcooper.info\/blog\/?p=110"},"modified":"2023-12-11T19:12:44","modified_gmt":"2023-12-11T19:12:44","slug":"mortgage-rates-skyrocket-under-biden","status":"publish","type":"post","link":"https:\/\/www.sterlingcooper.info\/blog\/mortgage-rates-skyrocket-under-biden\/","title":{"rendered":"MORTGAGE RATES SKYROCKET UNDER BIDEN"},"content":{"rendered":"
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When President Joe Biden first assumed office in 2021, the average monthly new home payment was $1,915, but it has since ballooned to $3,322 as of the third quarter of 2023, according to an analysis from The Wall Street Journal.<\/p>\n

MOST AMERICANS CAN NOT BUY A HOME TODAY!<\/p>\n

Grandma treasury secretary instead of retiring and playing with her cats, is driving the economy down with her mentor dementia Joe.<\/p>\n

\"\"<\/p>\n

We\u00a0\u00a0 are stuck with idiots running our economy down the rabbit hole..The appointments should be on merit not gender, and aged dinosaurs like her instead of experienced financial mavens..<\/p>\n

Following the increase in costs, housing is now less affordable than at any other time in recent history, with mortgage rates exceeding 7% and median housing prices rising to around $392,000 as of October, according<\/a> to the WSJ. High inflation and a relative tightening of the supply of housing have resulted in the increasing prices, while the high mortgage rates are in response to the increasing cost of credit.<\/p>\n

The average for a 30-year fixed-rate mortgage reached an all-time modern low on Jan. 7, 2021, reaching 2.65%, just days before Biden took office, according<\/a> to the Federal Reserve Bank of St. Louis. Mortgage rates then reached a recent peak of 7.76% on Nov. 2 of this year, receding slightly to 7.03% as of Dec. 7.\"\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

When President Joe Biden first assumed office in 2021, the average monthly new home payment was $1,915, but it has since ballooned to $3,322 as of the third quarter of 2023, according to an analysis from The Wall Street Journal. MOST AMERICANS CAN NOT BUY A HOME TODAY! Grandma treasury secretary instead of retiring and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-110","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/comments?post=110"}],"version-history":[{"count":3,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/110\/revisions"}],"predecessor-version":[{"id":116,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/110\/revisions\/116"}],"wp:attachment":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/media?parent=110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/categories?post=110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/tags?post=110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}