A Commentary About What Is Really Going On by Mitch Santell
Covid-19 is being used as a global reset. Don’t believe me? Watch this 11minute+ video from a Truther focusing on what is happening!
There are many of us within the “Truther Community,” who are aware of one thing.
Are you ready for what that one thing was?
Answer: Back in June of 2003, that was our last month to turn things around.
Since then, things have been going upside down.
Want to read how bad things are?
Here you go:
The U.S. mortgage market shows a widening gap between winners and losers as affluent borrowers take advantage of record-low rates while protracted unemployment drives serious delinquencies to their highest levels since 2010.
About 2.25 million mortgages were at least 90 days late in July, a 450% increase from pre-pandemic levels and the biggest number since the global financial crisis, according to industry tracker Black Knight Inc.
Meanwhile, new mortgage originations reached a record $1.1 trillion in the second quarter. Rates on 30-year home loans slipped below 3% for the first time in history in July, enabling more homeowners with the ability to refinance to save hundreds of dollars a month.
There are still nearly 18 million homeowners with good credit and at least 20% equity who stand to cut at least 0.75% off their current rate by refinancing, according to Ben Graboske, president of Black Knight data and analytics.
“We would expect near-record-low interest rates to continue to buoy the market,” he said in a statement Tuesday.
In case Bloomberg deletes the article here is a PDF of the whole thing:
Now for the video: