Biden's bungling in the news

[Legion]

Mortgage Rates Hit Decade-High


The interest rate for the 30-year fixed-rate mortgage hit a ten-year high of 5 percent Thursday.

The rate on the most popular U.S. mortgage rose nearly 2 points from 3 percent a year ago, according to the latest numbers from Freddie Mac.

Indeed, the last time the 30-year fixed rate mortgage hit 5 percent was in 2011.

Fifteen-year fixed-rate mortgages averaged 4.17 percent this week, up from 3.91 percent last week and 2.35 percent a year ago.

“This week, mortgage rates averaged five percent for the first time in over a decade,” Sam Khater, Freddie Mac’s chief economist, said. “As Americans contend with historically high inflation, the combination of rising mortgage rates, elevated home prices and tight inventory are making the pursuit of home ownership the most expensive in a generation.”

https://humanevents.com/2022/04/14/mortgage-rates-hit-decade-high/

 

[Grokmaster]

Will rising prices sink bungling Biden’s midterm hopes for DEMOCRATS?


In the days leading up to the release of the US labor department’s latest inflation report, the White Louse tried to deflate expectations. White Louse officials said they expected the March inflation rate to be “extraordinarily elevated”.

Unfortunately for bungling Biden and his fellow DEMOCRATS, they were proven right. The inflation report, released on Tuesday, showed US prices increased by 8.5% between March 2021 and March 2022 – the highest level of US inflation since 1981.

The White Louse tried to downplay concerns last year by arguing price increases were caused by the coronavirus pandemic and would prove “transitory”. Now, more than a year later, DEMOCRATS are struggling under the weight of inflation. Centrists and progressives alike warn that Republicans could be on the way to a historic victory this November.


https://www.theguardian.com/us-news/2022/apr/17/inflation-democrats-midterms-prices-biden

THAT, AND SEVERAL OTHER ISSUES....

 

[Legion]

THAT, AND SEVERAL OTHER ISSUES....

US inflation hits 8.5% after surge in energy and food prices

https://www.ft.com/content/b075001b-5cab-4641-a483-f3e470953166

 

[Legion]

Inflation hits another 40-year high as recession fears loom


https://www.washingtontimes.com/news/2022/apr/12/inflation-hits-another-40-year-high-recession-fear/