Grant Cardone: Fed interventions inflate mortgage costs
@GrantCardone: Cardone on Fed's impact
Real estate investor and entrepreneur Grant Cardone recently took to Twitter to express his views on the current state of the housing market in relation to Federal Reserve policies.
Cardone highlights that while the Federal Reserve's efforts to control inflation are in question, their actions are seen as a contributing factor to rising mortgage costs. He argues that the intervention on interest rates has not made mortgages more affordable, as intended. Instead, Cardone points out that home prices have remained steady despite a drop in market activity to 15-year lows, a development related to the tripling of mortgage rates.
Cardone stresses the economic principle that ''supply and demand control prices'', suggesting the need to reconsider the impact of federal policies on these fundamental market forces.
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In the previous news, tweet author Grant Cardone discussed financial strategies for entrepreneurs at a major business conference.
