The Fed Can No Longer Exit The Mortgage Market Without Causing a Housing Crisis

Liquidity must remain high, mortgage rates must remain suppressed and forbearance must be extended or poof, there goes the housing market. 

US home prices, according to the CoreLogic Case-Shiller US National Home Price Index, rose 8.41% YoY in October.

Confounded Interest

Pending home sales up 16% YoY

Confounded Interest

The slowest growing city tracked was New York City at 6% YoY.

Confounded Interest

***

US Housing Enters 2021 In A Massive Bubble