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Yep. And them raising it isn't helping me a bitIt all depends on how hard the Fed Reserve wants to shut our economy down by raising rates...
Sure it is .. it discourages the securing of funds .. cash .. to inject into the economy. It makes money harder to obtain .. thus combating inflation.Yep. And them raising it isn't helping me a bit
Lower the rates more I can sell for and better rates for the next place I get means less on a new mortgageSure it is .. it discourages the securing of funds .. cash .. to inject into the economy. It makes money harder to obtain .. thus combating inflation.
I would have killed for those rates when I bought my rental property back in the 1990's.Last week they were around 6% - 6.3% for a 30 year mortgage, past couple days finally dipped below 6% tonight I'm looking again they're up to 6.5%. My realtor was forecasting they would drop down to 5.2% end of the year but I don't even think he will hit his 5.6% for this quarter. Would be nice to have a drop end of the year
I would have killed for those rates when I bought my rental property back in the 1990's.
Low rates also hurt savings, especially retirees.Yeah, we got spoiled with the rates staying way too low for too long.
No. Interest rates have returned to NORMAL/Near Normal after 10 years of false low rates due to the FED's subsidization.Last week they were around 6% - 6.3% for a 30 year mortgage, past couple days finally dipped below 6% tonight I'm looking again they're up to 6.5%. My realtor was forecasting they would drop down to 5.2% end of the year but I don't even think he will hit his 5.6% for this quarter. Would be nice to have a drop end of the year
No. Interest rates have returned to NORMAL/Near Normal after 10 years of false low rates due to the FED's subsidization.
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Or some of us didn't buy our first house til the 2010s. Still though you sound just like my dad going on about 10% rates when his house cost 50k
Or some of us didn't buy our first house til the 2010s. Still though you sound just like my dad going on about 10% rates when his house cost 50k
Or some of us didn't buy our first house til the 2010s. Still though you sound just like my dad going on about 10% rates when his house cost 50k
Jackass 10% interest on 50k is what?Glad to know your dad has a sense of history even if you do not.
Those low rates you want back contributed to the inflation you whine about today.
Jackass 10% interest on 50k is what?
7% interest on 300k is what?
The 300k would have been 200k if interest rates weren’t allowed to be so low for so long.
Jackass 10% interest on 50k is what?
7% interest on 300k is what?
And you seem to be dodging my question againYou are just one of those folks that want it all. You do not seem to understand how economies work
