Mortgage rates hit lowest level in more than 3 years

[DigitalDrifter]

Getting better, and hopefully the interest rate slide will continue.
By the way, who was it that was president three years ago?

• Long-term mortgage rates are at their lowest level in more than three years, and Americans have been moving fast to capitalize.
  
  The average 30-year fixed mortgage rate fell to 6.06 percent this week, down from 6.16 percent last week and the lowest level since September 2022, according to Freddie Mac. A year ago, the 30-year fixed rate averaged 7.04 percent.

https://thehill.com/business/5693188-mortgage-rates-lowest-level-in-3-years/?utm_sf_cserv_ref=7533944086&utm_sf_post_ref=653189829&fbclid=IwY2xjawPYoX1leHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeacW0vAzfKTwiicGysrMDuydl3iFxThV3J1EZfVjmiyBv2SJJ90-XUG8j-5k_aem_kULe_amiM5XPLpGV6QBmGQ

 

[shockedcanadian]

This is called "Winning"

I'm a free agent. Whoever calls first gets the Shockmeister!

 

[White 6]

Getting better, and hopefully the interest rate slide will continue.
By the way, who was it that was president three years ago?

https://thehill.com/business/5693188-mortgage-rates-lowest-level-in-3-years/?utm_sf_cserv_ref=7533944086&utm_sf_post_ref=653189829&fbclid=IwY2xjawPYoX1leHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeacW0vAzfKTwiicGysrMDuydl3iFxThV3J1EZfVjmiyBv2SJJ90-XUG8j-5k_aem_kULe_amiM5XPLpGV6QBmGQ

There have been 3 fed rate cuts in a row and Trump had Fanny Mae and Freddi Mac but 200 Billion worth of bonds. With unemployment on the rise, the Fed is expected to do another rate cut to stimulate growth in troubled times. These are the reasons mortgage rates have dropped, but still housing sales are slumping.

 

[struth]

As each day goes by we are clawing ourselves further out of the darkness created by xiden, the demafasict and the misguided souls that voted and support them

 

[Leo123]

There have been 3 fed rate cuts in a row and Trump had Fanny Mae and Freddi Mac but 200 Billion worth of bonds. With unemployment on the rise, the Fed is expected to do another rate cut to stimulate growth in troubled times. These are the reasons mortgage rates have dropped, but still housing sales are slumping.

With the mass firings of useless federal workers the unemployment numbers are up. Lower mortgage interest rates will most certainly stimulate the housing Market as loans will be cheaper to obtain. Housing prices will eventually lower as well but it will take time for the Market to come back into balance. Lower level housing will become more available as illegal aliens are removed or self deport.

 

[1srelluc]

Folks that were sitting on low interest loans are budging now that the rates are coming down, more homes are for sale, and the competition is lowering home prices a just a bit, mostly on older homes.

A year and a half ago there were only 12 homes for sale in my county, now there are scores of them.

Trump is slowly unfucking what Biden's disastrous term did to home interest rates.

 

[sealybobo]

Getting better, and hopefully the interest rate slide will continue.
By the way, who was it that was president three years ago?

https://thehill.com/business/5693188-mortgage-rates-lowest-level-in-3-years/?utm_sf_cserv_ref=7533944086&utm_sf_post_ref=653189829&fbclid=IwY2xjawPYoX1leHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeacW0vAzfKTwiicGysrMDuydl3iFxThV3J1EZfVjmiyBv2SJJ90-XUG8j-5k_aem_kULe_amiM5XPLpGV6QBmGQ

If Trump wasn't threatening the Fed Chairman with crimes I'm sure interest rates would be above 7%. And I'm sure if the economy was good and people were buying homes interest rates would be higher too. Trump is lowering inflation, prices and mortgage interest by destroying the economy. What other choice do we have but keep interest rates down?

Mortgage rates moved decidedly higher Wednesday with the average rate on the 30-year fixed rising to 6.45%

And with China and other countries investing less than they usually do in America, this is also pushing interest rates up. Blame Trump for pissing off the entire world. Oh but you are sure we can out last China and Russia and Iran? We are going to out last them? Out suffer them?

Have you seen gas prices today? $4.27? Wow

 

[struth]

If Trump wasn't threatening the Fed Chairman with crimes I'm sure interest rates would be above 7%. And I'm sure if the economy was good and people were buying homes interest rates would be higher too. Trump is lowering inflation, prices and mortgage interest by destroying the economy. What other choice do we have but keep interest rates down?

Mortgage rates moved decidedly higher Wednesday with the average rate on the 30-year fixed rising to 6.45%

And with China and other countries investing less than they usually do in America, this is also pushing interest rates up. Blame Trump for pissing off the entire world. Oh but you are sure we can out last China and Russia and Iran? We are going to out last them? Out suffer them?

Have you seen gas prices today? $4.27? Wow

Hahahab yeah people buy homes and borrow money when interest rates are high

You really are the dumbest poster

 

[sealybobo]

Hahahab yeah people buy homes and borrow money when interest rates are high

You really are the dumbest poster

Is that what I said? Trump says two different things. He wants to bring home prices down. But then he pisses us with homes off. He is lying to everyone. You really are the dumbest voter.

My dad bought a home when interest was really high in 1978.

In 1978, the average 30-year fixed-rate mortgage was approximately 9.64%.

Trump's closing in on that number. You voted for him right? You said he would bring prices down and lower inflation? Now interest rates are going up? Sucker.