Discuss NIRP (adverse rate of interest coverage). The Actual 30-year mortgage fee (nominal fee – headline CPI YoY) has now fallen to -2.35%.
Whereas the REAL 30-year mortgage fee is at its lowest stage since 1975 and President Gerald Ford, house value development is at its highest in historical past and better than the height of the housing bubble.
After which we’ve got this chart of US Home Value-to-Lease ratio. Highest ever! Even exceeding 1975!
Lowest actual mortgage charges since Gerald Ford.