Atta BOY Donald‼️
Keep it up!
Higher Consumer prices
Higher Gas/oil prices
Now?
Higher Interest rates…
Ya Keep making America Great?
President Trump returned to office promising lower costs across the economy, but an important interest rate that his administration cites as a barometer of its success recently hit its highest level of Mr. Trump’s second term.
The yield on the 10-year Treasury bond, considered one of the most important interest rates in the world, jumped this week to 4.7 percent, up from less than 4 percent before the start of the war in Iran in late February. It was 4.6 percent on the day Mr. Trump returned to the White House in January 2025.
The yield underpins borrowing costs across debt markets, from corporate bonds to mortgage loans, and its rise complicates Mr. Trump’s plans to keep costs affordable for companies and households across the United States.
The impact is apparent in the housing market. Rising yields have driven up mortgage rates in recent weeks, dampening hopes that moribund home sales would rebound this year. The average 30-year fixed-rate mortgage, the most common home loan in the United States, is now 6.58 percent, Freddie Mac said Thursday. Mortgage rates had fallen below 6 percent in the week before the first U.S.-Israeli strikes on Iran in late February.
“This latest leg up in rates is going to push sales down unless it’s quickly reversed,” said Nancy Vanden Houten, lead U.S. economist at Oxford Economics. “And it comes at a time when households are confronting other increased costs for energy and food due to the effects of the war.”…..
Note….
For those who voted FOR Real Estate Guy Donald Trump a Second Time because of the Biden economy?
You Bet on the Wrong Guy….
Ya Screwed yourself and ALL of us…..
Donald Trump WAS a lousy business man….
He’s a worse President….
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