Home mortgage rates have now surged past 6%. The reasons for the inflation are not the normal reasons for inflation and it appears the FED is tone deaf and will drive the economy into the ground. At 6% and the absurd prices of homes today its not sustainable, Im looking for 25% deflation in many areas, if you are in rural America you likely wont see that much of a decrease it never gets run up to begin with as people are vacating every week and there is no real demand for new homes to accomodate incoming people.
