Current 30-year fixed mortgage is 6.28%. It was 2.84% just a year ago.
Since most people buy a house based on monthly payment, here’s what it means.
$500,000 loan at 2.84% = $2,460/mo
Today:
$350,000 loan at 6.28% = $2,451/mo
Essentially there’s a 30% correction coming.
‼️Updated leak‼️ the emergency market intervention to be presented tomorrow should include (all details to come in @ContexteEnergie )
👉 180 EUR/MWh cap on inframarginal electricity producers revenue
👉 33% "contribution" on superprofits from oil, gas, oil companies
1/2
I reccomend reading this very clear exposition of what Putin aims to do in mysteriously attacking what he calls "the imaginary wealth of Europe", and the likely responses of the ECB plus the logical response mechanism of the Euro monetary system
https://t.co/8UAPyyMBRI
Wow, Joachim Bühler, CEO of German safety inspection association TÜV, its not leaving @P_Graichen and the #Greens in government anywhere to hide. #Germany could keep its last three #nuclear plants running indefinitely, and also restart the three shut at the end of last year.
The day of reckoning in the European gas market is coming rather soon as EU Commission and some capitals tell utilities to reject ruble payment.
The negative will test whether Putin is bluffing. But if he's not -- and so far in Ukraine, he hasn't -- then gas supply is at risk