TRUMP Agenda Focusing on Rates

Bessent is focusing on the 10 YR and that drives the longer end of our mortgage rates.

The Mortgage Industry is a ‘hedge’ career, in that our industry performs the best when rates are going down and usually rates are going down because economy is in bad shape.

They want rates lower so to get rates lower without juicing the economy (inflation) they have to injure it somewhere else… and Jobs is a way to do that.

You can see the impact so far:

The challenge is this will likely lead to a recession as they are pulling the government jobs and the private jobs are also drying up.