Topic: Mortgage Rates

The White House announced that annual mortgage costs for new homes have fallen by $4,000, reaching a four-year best for affordability. The administration's plan includes banning institutional investors and Wall Street corporations from buying single-family homes and expediting permits to increase housing supply. The goal is to transition the United States into a "nation of owners, not renters," reversing trends seen under the previous administration.

Roger Stone argues that the American people vote on "hamburger and gasoline" prices rather than foreign wars, noting that mortgage rates and rents are beginning to trend downward. He defends Donald Trump's mental and physical health against media attacks, describing him as a "super alpha male" who works around the clock. Stone contrasts Trump's vitality with Joe Biden's perceived decline, asserting that Trump passed his cognitive tests with "flying colors."

Federal Reserve Chairman Jerome Powell is accused of lying to the Senate regarding a $2.5 billion renovation of the Fed headquarters, which allegedly includes lavish private amenities. Donald Trump is attempting to fire Governor Lisa Cook for "cause" related to mortgage fraud to shift the board's balance in favor of interest rate cuts. The administration is also reportedly investigating Jack Smith for alleged bribery during his time at The Hague.

Roger Stone reports that Federal Reserve Governor Lisa Cook has been referred to the DOJ for alleged mortgage fraud involving primary residence claims in Michigan and Georgia. Stone suggests this provides Donald Trump the authority to fire her for cause, which would shift the Federal Reserve's voting balance in favor of interest rate cuts. The segment frames this as a victory against establishment figures who were previously above the law.

An analysis of the federal budget reveals that 81% of tax revenue is consumed by mandatory payments like Social Security, Medicare, and debt interest. Dr. Elliott points out that mortgage rates remain over 7% despite Fed rate cuts, indicating that banks are nervous about long-term economic stability. He notes that the US added $586 billion to the national debt in October alone, a pace he describes as completely unsustainable.

Elliott explains why mortgage rates are rising despite the Federal Reserve lowering the funds rate, citing bank risk assessments in a volatile economy. He urges listeners to move their IRAs into physical gold and silver to protect against a "global debt spiral." He concludes by reinforcing that Trump is inheriting an inflationary crisis that was not of his making.

The housing market is experiencing a lack of upward mobility due to high interest rates and stagnant wages. In Denver, commercial property values have reportedly dropped by 50% in two years, while residential prices are seeing significant reductions. The current climate is described as a "renter's economy" where equity is nullified by borrowing costs.

Economist Dr. Kirk Elliott joins the program to analyze recent economic data, including a spike in weekly jobless claims to 231,000. Elliott presents charts comparing the Trump and Biden administrations, noting that mortgage rates have increased by 146% and gas prices have risen by 46% under the current presidency. He advocates for physical gold and silver as a hedge against the devaluing dollar and a failing banking system.

The segment concludes with a discussion on the Federal Reserve's interest rate policy and the artificial propping up of real estate markets. Celente makes a final plea for peace in Gaza, stating that bombing is not a solution and will only breed more hatred. Alex Jones returns to promote "The Great Awakening" and DNA Force Plus, urging listeners to bypass sensors by sharing the broadcast.

Owen Shroyer discusses the collapse of the housing market in Austin, Texas, citing the biggest one-year drop in a decade. He attributes the economic downturn, rising mortgage rates, and major corporate layoffs to the policies of the Biden administration. Shroyer contrasts these conditions with the economic performance seen during the Trump presidency.

Chris Sky argues that the globalists are intentionally driving up the cost of living to force people into a digital identity and universal basic income (UBI) system. He suggests that as people become unable to pay their mortgages due to rising interest rates, they will accept government assistance in exchange for their biometric data. Sky characterizes this as a "death of a thousand cuts" designed to make the population dependent on the state.

Martin Armstrong expressed doubt that the United States will have a viable election in 2024 due to extreme political polarization and systemic corruption. He warned of rising mortgage rates and potential disruptions to the power grid, which he claims cannot support a mass transition to electric vehicles. The expansion of the IRS with 87,000 new agents is viewed as a move to squeeze the working class during a steep recession.

Robert Barnes analyzes recent economic data, noting that while GDP is reportedly up, core durable goods orders are declining and mortgage rates have hit a 25-year high. He warns that institutional investors like BlackRock are buying up residential real estate, making homeownership inaccessible for middle-class Americans. Barnes predicts a "Democratic bloodbath" in the upcoming midterms, specifically citing John Fetterman's debate performance as a turning point in Pennsylvania.

Mortgage rates have topped 6% for the first time since 2008, signaling a slow reckoning for the property market. New York City is reportedly still missing 176,000 jobs due to pandemic-era closures and mandates. Celente blames "arrogant clowns" like Bill de Blasio and Andrew Cuomo for destroying the city's economy through forced business shutdowns rather than the virus itself.