7.5% Mortgage Rate BELOW Historical average

[The Banker]

Spin all you want. Biden is killing the housing industry.

I have clients that flip million dollar houses and they are dead in the water because of interest rates.

People need to move for various reasons but can't because if they sell their current house that has a 2%+ rate they will lose ALL of their gains when they rebuy at 7+%

You're a fool. And you call yourself banker

2% rates are not normal at all, and the sign of a bad economy.

Rates are at a peak and will settle in around 5%, which is a great rate especially compared to the historical average.

 

[HikerGuy83]

2% rates are not normal at all, and the sign of a bad economy.

Rates are at a peak and will settle in around 5%, which is a great rate especially compared to the historical average.

Please explain how a 2% rate is a sign of a bad economy.

 

[Remodeling Maidiac]

2% rates are not normal at all, and the sign of a bad economy.

Rates are at a peak and will settle in around 5%, which is a great rate especially compared to the historical average.

I see you ignored my point.

Fail

 

[Manonthestreet]

extremely low mortgage rates of 3-4%, like we had under Trump are not normal and the sign of a weak economy.
The historical average for rates is around 6-8%, which is what we have now. That is normal and fine.

Case ya didnt know we have a weakening economy

 

[HikerGuy83]

Look at the annual deficit from 2012-2020, it decreased substantially under Obama,

It could not have gone up.

It was about as bad as you get so for it to fall wasn't a big deal. It was still huge.

 

[Rogue AI]

Obama inherited the Bush blow up. He inherited the worst economy in generations. His economy was weak, but the same as Trump's. Look at the annual deficit from 2012-2020, it decreased substantially under Obama, and increased substantially under Trump pre-covid.

He had 8 years, your excuses are pathetic.

 

[The Banker]

Please explain how a 2% rate is a sign of a bad economy.

It is extremely low and only needed when the economy is in big trouble and needs major stimulus and major action by thge FED. The FED printed trillions and used it to buy bonds, which then artificially supressed rates with the hope of stimulating sales/economic activity/growth

Not top be rude, but you need to gain an understanding of basic economics and monetary policy

this will provide some basics.

 

[The Banker]

He had 8 years, your excuses are pathetic.

what's Trump's excuse??
Trump's numbers are very similar to Obama's and Trump got a little pop into 2017 because he borrowed and spent $$ trillions in debt, but then his economy crashed when they tried to raise rates to a little 2%, and they even needed more QE. More fed fake money printing in 2019.

 

[LordBrownTrout]

Highest mortgage rates in over 20 years.

I love these BIDENOMICS suck sweaty donkey balls threads.

They are the ultimate liberal hacks. They have no credibility and are to be laughed at.

 

[LordBrownTrout]

It is extremely low and only needed when the economy is in big trouble and needs major stimulus and major action by thge FED. The FED printed trillions and used it to buy bonds, which then artificially supressed rates with the hope of stimulating sales/economic activity/growth

Not top be rude, but you need to gain an understanding of basic economics and monetary policy

this will provide some basics.

No, the fed printed trillions to the banks, hedge funds, wall street, in the obama years while the banks sat on the money and didn't move it. No volatility, very little inflation until trillions were released into the public starting three years ago. You don't know what you're talking about.

 

[CrusaderFrank]

30 Year Mortgage Rate in the United States averaged 7.74 percent from 1971 until 2023, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.

The extremely low rates under Trump were not normal at all, and the sign of a weak and fragile economy. Trump's economy crashed when they tried to raise rates to 2+% in 2018, then they needed to cut rates and start more QE. not good.

Biden has a strong and normal economy with a 7.5% mortgage rate that is still under the 30 year average. Trump had a weak and fragile economy that required weak low interest and mortgage rates. Trump's low interest and mortgage rates are a sign of a bad and weak economy.

United States 30-Year Mortgage Rate

30 Year Mortgage Rate in the United States increased to 6.87 percent in March 20 from 6.74 percent in the previous week. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.

tradingeconomics.com

I beg you to change your name

 

[HikerGuy83]

It is extremely low and only needed when the economy is in big trouble and needs major stimulus and major action by thge FED. The FED printed trillions and used it to buy bonds, which then artificially supressed rates with the hope of stimulating sales/economic activity/growth

Not top be rude, but you need to gain an understanding of basic economics and monetary policy

this will provide some basics.

How is it "extremely low"....what makes it so ?

BTW: I understand economics pretty well, thank you.

I've lived through high and low interest rates.

Interest rates increase to manage inflation.

What causes inflation ?

 

[Flash]

My god this Moon Bat is an idiot.

The mortgage rates are almost three times higher under Potatohead than when Trump was President causing many people to not be able to afford to buy a home and this Moon Bat turd started a thread bragging about it.

LOL!

 

[jotathought]

Mortgage rate right here, look at the past 25 years...

United States 30-Year Mortgage Rate

30 Year Mortgage Rate in the United States increased to 6.87 percent in March 20 from 6.74 percent in the previous week. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.

tradingeconomics.com

You are misinformed as always

Using your data .. the average since 2000 is 5.05% .. a banker would understand this instead of spreading propaganda that bidenomics is awesome! Cheers

The banker bidenomics NPC has spoken ..

 

[HikerGuy83]

his economy crashed when they tried to raise rates to a little 2%

Please show us what you are referencing.

His economy seemed to be doing quite well until COVID.

 

[struth]

30 Year Mortgage Rate in the United States averaged 7.74 percent from 1971 until 2023, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.

The extremely low rates under Trump were not normal at all, and the sign of a weak and fragile economy. Trump's economy crashed when they tried to raise rates to 2+% in 2018, then they needed to cut rates and start more QE. not good.

Biden has a strong and normal economy with a 7.5% mortgage rate that is still under the 30 year average. Trump had a weak and fragile economy that required weak low interest and mortgage rates. Trump's low interest and mortgage rates are a sign of a bad and weak economy.

United States 30-Year Mortgage Rate

30 Year Mortgage Rate in the United States increased to 6.87 percent in March 20 from 6.74 percent in the previous week. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.

tradingeconomics.com

Yes trump was able to get historic low rates with his pro-working class policies…xiden was handed a gift but the demafacist went to war with the working class and have quickly undid all the positive gains trump made…now we are at a historic 20 year high

It’s only gonna get worse if the demafasict remain in power

 

[The Banker]

Please show us what you are referencing.

His economy seemed to be doing quite well until COVID.

There was a slow down in 2018 and 2019, they needed to cut rates and do QE again in 2019. The stock market dropped a lot in 2018. The economy was bad 2H 2018.

Then when they cut rates and did more QE, they economy got a little boost end of 2019 and to start 2020, then covid hit and Trump fucked everything up and took the deficit to insane levels.

 

[HikerGuy83]

It's been a long time since we've seen this kind of increase. That's what is not normal.

 

[Weatherman2020]

30 Year Mortgage Rate in the United States averaged 7.74 percent from 1971 until 2023, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.

The extremely low rates under Trump were not normal at all, and the sign of a weak and fragile economy. Trump's economy crashed when they tried to raise rates to 2+% in 2018, then they needed to cut rates and start more QE. not good.

Biden has a strong and normal economy with a 7.5% mortgage rate that is still under the 30 year average. Trump had a weak and fragile economy that required weak low interest and mortgage rates. Trump's low interest and mortgage rates are a sign of a bad and weak economy.

United States 30-Year Mortgage Rate

30 Year Mortgage Rate in the United States increased to 6.87 percent in March 20 from 6.74 percent in the previous week. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.

tradingeconomics.com

Let’s go Brandon!

 

[HikerGuy83]

There was a slow down in 2018 and 2019, they needed to cut rates and do QE again in 2019. The stock market dropped a lot in 2018. The economy was bad 2H 2018.

Then when they cut rates and did more QE, they economy got a little boost end of 2019 and to start 2020, then covid hit and Trump fucked everything up and took the deficit to insane levels.

Again, what causes inflation. That is the only reason you raise rates....inflation.