Average Mortgage Application Increases To $411K (interest, inflation, number, prices)

[anononcty]

Americans are applying for increasing mortgages. Average application upto $411. Interest rates increasing, number of mortgages decling.

https://www.cnbc.com/2021/05/19/home...ices-soar.html

[foulball]

Do all of these homebuyers pull-up their Ranger Rovers or something?

[redguard57]

Good. Maybe we're nearing the peak.

The Fed won't let inflation run away without raising rates. They will respond. So far they are convinced that the "inflation" is bottlenecking from covid. If it does appear to be monetary inflation, I feel confident they'll do something.

[Tencent]

Originally Posted by redguard57

Good. Maybe we're nearing the peak.

The Fed won't let inflation run away without raising rates. They will respond. So far they are convinced that the "inflation" is bottlenecking from covid. If it does appear to be monetary inflation, I feel confident they'll do something.

One can hope. They seem to be too busy worrying about Crypto than minding the shop. Ironically if they did the latter, the former would be less of a threat.