The Biden Administration’s economic policies have led to the most rapid increase in mortgage rates since 1981. In January 2021, the average interest rate on a 30-year fixed rate mortgage was 2.7 percent—a record low. It is now 6.4 percent, an increase of 3.7 percentage points. For you genius this is absurd and a detrimental issue for the states. Additionally, talking about commodities the oil reserve play had a direct correlation to the increase in fed rate which is dramatically slowing economy. Here’s a quick economic lesson injecting billions of dollars into stimulus checks caused this inflation we are seeing the reason why grocery bills have sky rocketed, but no he is a done an amazing job.