Mortgage Rates

The Complicated “Economy” Issue: Lowest Unemployment In Half Century, But Highest Inflation In Decades!

With the Midterm Elections of 2022 a month away, the economy has become the major issue to many voters, and to politicians campaigning for office.

Republicans emphasize the highest inflation in decades, and the higher mortgage rates on housing, rising to close to 7 percent.

Gasoline prices are rising again due to the collaboration of Saudi Arabia with the Russian Federation, and food prices have soared.

And yet, the Democrats can brag that the unemployment rate at 3.5 percent is the lowest since 1969, so we have a really complicated situation, which makes predictions on which party will control the House of Reprsentatives and Senate hard to figure out.

Which party will control more governorships and other state elected offices, including Secretary of State and Attorney General, is also impossible to forecast with confidence!