| The Villages Democratic Club |
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| 30 Year Mortgage Rates Pre and Post COVID---March 19, 2020 mortgage rates with Trump are 3.83%. With COVID, November they go under 3.00%---multi generational lows. They stay under 3.00% for just 10 weeks. | |
| Rates hit 2.83% their lowest level on January 7, 2021 due to the riot caused by Trump's invasion of the US Capital. | |
| 1.20.21 Biden inaugurated, vaccines successfully rolled out. America and the economy start to recover. 2.10.22 mortgage rates are under 4.00%. | |
| 2.22.22 Russia invades Ukraine causing gas and food prices to sky rocket world wide. | |
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| 30 Year Mortgage Rates and Inflation. Inflation pushes mortgage rates up. (Red line is inflation, blue line is mortgage rates) Mortgage rates rocket up, then feather down. After each inflation spike of 1974 and 1979 (both energy cost driven) mortgage rates rocketed up and then feathered down. |
| Inflation spiked in June 2022 due to Russia's invasion of Ukraine caused gas and food prices to spike world wide and America's economic recovery from COVID. Inflation is in the rear view mirror. With Inflation down, mortgage rates are beginning to decrease pending Federal Reserve's assessment of inflation being contained. |
