Ben Meiselas retweetledi
Wolfers: "Remember the president came to power saying, 'I will reduce the cost of living on day one.' Well, the expectation that interest rates are going to be higher in the future—that's already being priced in by markets, which is to say that anyone who's out there trying to negotiate a new mortgage right now, you're going to get a much worse deal than you would have three, four, five months ago. And that's precisely because of the president's actions. So it's just another way in which the president has sort of said, 'I'm for affordability' and quietly done the opposite."
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