Wall Street Journal: Biden’s Migration Spikes Interest, Mortgage Rates

Breitbart ^ | 05/12/2024 | NEIL MUNRO

[ChicagoConservative27]

President Joe Biden’s policy of mass migration is forcing up housing inflation, so pushing up interest rates and mortgage rates, according to a report in the Wall Street Journal.

Housing prices should have dropped amid the recent supply of new apartments and homes, but have “not behaved the way we thought it would,” said Austan Goolsbee, president of the Federal Reserve Bank of Chicago..

“I still think it will, but if it doesn’t, we’re going to have a hard time” bringing inflation back down to the target of 2 percent, Goolsbee told the Journal for a May 11 article.

[ChicagoConservative27]

Pudding brain does not know if its may or tuesday let alone mortgage rates.

[COBOL2Java]

Housing prices should have dropped amid the recent supply of new apartments and homes, but have “not behaved the way we thought it would,” said Austan Goolsbee, president of the Federal Reserve Bank of Chicago..

Austan Goolsbee, also known as Vizzini

[ridesthemiles]

Biden filled every crack & crevice of new apartments & houses with INVADERS

[Chgogal]

Wow! The Law of Supply and Demand really works! Who knew.

[Eleutheria5]

Spikes interest? Of course. It spikes interest in getting across the Rio Grande./parody

[wardamneagle]

I shopped Costco DFW area today for a few items. I noticed everything was up well over a $1.00 from last time I shopped there 1 1/2 weeks ago. Inflation ain’t turning the corner Joe……..FJB !

[SunkenCiv]

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