Federal Reserve President Admits Mass Migration Explodes Mortgage Rates

Jack_the_sparow / shutterstock.com
Jack_the_sparow / shutterstock.com

The president of the Federal Reserve Bank of Minneapolis says that Joe Biden’s malicious mass illegal immigration policies are causing mortgage rates to explode, thus harming young couples and families who want to buy a home.


Some of us have been saying this would happen for 20 years if America doesn’t build a wall and get a grip on the mass invasion. Naturally, those of us pointing this obvious math out were called xenophobic bigoted white supremacist Nazi misinformation spreaders. So, it’s nice to see that some people are finally coming around to the truth.

“While the long-run effect of increased immigration on inflation is unclear, immigrants nonetheless need a place to live, and their arrival in the U.S. has likely also increased demand for housing,” said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.



The illegal aliens don’t prefer to live in tents! Their presence has obviously increased the demand for housing.

Starting during the presidency of George W. Bush, America’s worthless political leaders started bringing in immigrants (legals, illegals, and refugees) at a number that was higher than the number of new housing units that the country can build each year. The writing was on the wall as far back as 2005 that, eventually, we would reach a tipping point, and there would not be enough homes and apartments to match the number of people in the country.

This trend continued through Hussein Obama’s eight years in the White House. Did you notice that rents actually stopped dramatically increasing for a while when Donald Trump was in office? That wasn’t luck. That was because Trump tightened up immigration controls and allowed fewer people into the country for four years.

Here are two figures that are key to understanding the current crisis that Joe Biden has viciously unleashed on America.

Between 2021 and 2023, contractors have built an average of 991,000 new housing units in America each year. During those same years, Joe Biden has allowed anywhere between 2 and 5 million illegal aliens into the country. One of these numbers is much bigger than the other!

Every illegal alien that rents a home or apartment takes one housing unit off the market for an American. Joe Biden has allowed so many illegals in that the population inside the United States right now vastly exceeds the number of available housing units. We can’t build homes fast enough to keep up with the population influx.

That’s why interest rates are so high right now that the mortgage payment on a new home purchase is around $3,000 a month, and the average rent is around $2,200 a month. It will cost a new home buyer $1 million to pay off a $400,000 house at current interest rates. This cruel policy of mass immigration has doomed most of Generation Z and most Millennials to the fact that they will never be able to purchase a home. Sadly, the massive influx of cheap foreign workers is also crushing entry-level wages down for young Americans, putting homeownership even further out of reach.

The American dream of homeownership is currently dead and will remain dead until we take back our country. There aren’t enough homes to put a roof over everyone’s head—and there never will be so long as our southern border remains open and the country does not implement a mass deportation policy. If only there were a candidate on the ballot this November who was promising to Make America Great Again and start a mass deportation program!

You no longer have to take our word for it. Even a president of the Federal Reserve now admits that mass immigration is causing the housing crisis that we’re going through.