Loading ...It is April 2008 and you have a miraculous mortgage tied directly to the fed rate.
Your monthly mortgage payment is $ 1000 a month ( @ 2% )
It is election year , and in October , the mortgage drops to $750
Later that month , it looks like Obama is going to be elected . The mortgage drops to $500
Obama IS elected . Just before Christmas the mortgage drops to $ 125 a month ( 0.25% ) . You go wild on presents that year !
2009 – Obama is now the President . The mortgage stays at $ 125 a month
2010 same thing 0.25% trade the Honda Civic for an Accord
2011 same thing 0.25%
2012 same thing 0.25% trade the Accord for a Cadillac SUV
2013 same thing 0.25%
2014 same thing 0.25%
2015 same thing 0.25% trade the Cadillac for a Mercedes S class
December : Trump looks strong , rate DOUBLES to 0.5% . Mortgage jumps to $250 …DAMN !
2016 Trump says the economy has been a bubble for eight years .
November 2016 Trump is elected .
December 2016 the fed rate is increased by 50% to 0.75% . The mortgage jumps to $375
Hamburger instead of steak for New Years dinner .
2017 January – Trump becomes President .
March … fed rate jumps to 1% , Mortgage jumps to $500 DAMN that Trump !
June …. fed rate jumps to 1.25% and mortgage increases to $625 Trump’s fault !
Dec. …. fed rate jumps to 1.5% – the mortgage increases to $750 Trump just took away Christmas – return the Christmas presents for a credit on the cards .
2018 March ….fed rate climbs to 1.75% Mortgage is now $875 Trump is an SOB !
June …..fed rate moves up to 2% Mortgage is back to $1000 …8 times what it was under Obama . Trump is a moron !
Sept. ….fed rate now up to 2.25% Mortgage is now $1250 – it has NEVER been this high – Sell the Mercedes . Rice and beans for supper . Wife wants a divorce . All because of Trump !
Oct. Market Starts to break down . A$$hole Trump blames the fed .
Yes a 2% rate increase is a BIG DEAL !
