05/04/2022
FOOD FOR THOUGHT – SOMEONE NEEDS TO SPEAK UP !!
Rate from Federal Reserve November 2021 stayed the SAME at 0.8% until March 2022, then increases to 1.0% (0.2% increase)
By contrast, Mortgage Rates increased from 2021 average of 2.96% at to May 2022 at 5.52%. UP 86.49% !!
So effectively, without cause, the banks have decided to more than double their profit from 2.2% up to 4.5%.
Some of theses are these are the same banks that we didn't close, allowed them not to pay back the Fed, while everybody else got foreclosed? Banks like bank America got fined $82.9 billion for BREAKING THE LAW, and banks like Wells Fargo are still not allowed to do government loans (HUD) because they MISREPRESENTED THE FACTS TO THEIR FAOVR and aren't trustworthy. To this day…. (see the screen shots)
How stupid do they think Americans are to be to buy to this garbage? Why isn't anybody screaming about this? We need to SPEAK UP TO OUR REPRESENTATIVES AND STOP THE MADDNESS.
FOR EXAMPLE, THIS DOES MATCH – Oil to Gas prices, increases
APRIL 2022 $99.27 - NOVEMBER 2021 $81.05 = 23.22% INCREASE IN OIL
MAY 5TH 2022 $4.15 – NOVEMBER 2021 $3.41 = 21.70% INCREASE IN GAS
YET BANK MORTGAGES SEEM TO BE ON A PLANET OF THEIR OWN…. UNCHECKED….(again…)
SEE SCREEN PRINTS FOR EVERY NUMBER USED HERE (BELOW)
Sorry could not get screen prints here, had to save as PICTURE and ATTACH them, so you can SEE the numbers as they are listed here.
PLEASE, share your thoughts !
May whatever you put your hands to, prosper.
Be Blessed,
Jeff Giacomini
Realtor / Owner / Broker 26 Years and counting….
Real Estate Solutions MN & WI
www.resmn.com
JJ&G Properties, llc
o 952-548-5222
c 612-250-1425
f 866-868-5749
http://www.linkedin.com/pub/jeff-giacomini/12/b66/2a3
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