Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON October 2, 2023  - POSTED IN Key Gold Headlines

Banks are more vulnerable to the housing market now than they were in 2007.

Most people in the mainstream will scoff at that statement. They’ll tell you that the situation is very different today. After all, we don’t have a big problem in the subprime mortgage market. We’re not seeing a big spike in defaults. That’s true. The problem is different this time. And it’s actually worse.

POSTED ON May 2, 2023  - POSTED IN Interviews

On May 1, new Federal Housing Finance Agency (FHFA) rules went into effect that will allow borrowers with lower credit ratings to qualify for better mortgage rates than they otherwise would have. Meanwhile, borrowers with better credit ratings will pay higher fees to subsidize the program. Peter Schiff recently appeared on Real America with Dan Ball to talk about the new rules.  

POSTED ON November 2, 2022  - POSTED IN Peter's Podcast

Artificially low interest rates blew up a big housing bubble. In a podcast, Peter Schiff explained that it is actually a bigger bubble than the one preceding the 2008 crash. But this time, it is combined with an overall bubble in the entire economy that dwarfs ’08. Peter said all of this has the makings of another massive financial crisis.

POSTED ON October 25, 2022  - POSTED IN Key Gold Headlines

Air continues to seep out of the housing bubble blown up with the Fed’s artificially low interest rates in the wake of the pandemic.

Sales of previously owned homes fell by 1.5% in September, according to a National Association of Realtors report.  It was the eighth straight month of declining home sales.

POSTED ON June 22, 2022  - POSTED IN Key Gold Headlines

As interest rates rise, the air continues to hiss out of the housing bubble.

Existing home sales tumbled to a two-year low in May. Sales fell to a seasonally adjusted 5.41 million units, according to the latest data from the National Association of Realtors. It was a 3.4% drop, bringing existing home sales to the lowest level since June 2020. May was the tenth consecutive month of year-over-year declines.

POSTED ON May 27, 2022  - POSTED IN Friday Gold Wrap

When the Federal Reserve tinkers with interest rates, it creates all kinds of economic distortions. This is very obvious in the housing market. Over the last couple of years, the Fed blew up a giant housing bubble. Now, the central bank has pricked that bubble. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at the housing market as a microcosm of the broader economy.

POSTED ON May 25, 2022  - POSTED IN Key Gold Headlines

The Fed has barely started raising interest rates but the air is already seeping out of the housing bubble.

New single-family home sales plunged by 16.6% from March and were down 26.9% year on year. New home sales dropped to the lowest level since the lockdown in April 2020.

Call Now