Powell defies Trump

[Rambunctious]

Mortgage rates reflect 10 year treasury yields.

Those rates are influenced by other factors including federal budget policy and trade policy.

You guys really don’t know what you’re talking about.

The biggest factor idiot is the rate from the federal reserve stop playing with semantics....

 

[Rambunctious]

Mortgage rates reflect 10 year treasury yields.

Those rates are influenced by other factors including federal budget policy and trade policy.

You guys really don’t know what you’re talking about.

Right now due to high interest rates homes are not selling... this harms builders and contractors of every skill and craft... those are the little guys out there and they are struggling for work and are laying off employees...
At a time when the economy is otherwise good... tradesmen don't have work all because Powell hates Trump....

 

[Marener]

The biggest factor idiot is the rate from the federal reserve stop playing with semantics....

No, the biggest factor is 10 year treasury yields.

They lowered the Fed rate last year but mortgage rates didn’t move.

See this:
For example, in 2022 and 2023, the Fed increased this key interest rate to help calm inflation, hikes that made it more costly for Americans to borrow money or take out credit. However, sometimes mortgage rates seem to ignore the Fed. While the Fed cut the rate three times at the end of 2024, mortgage rates remained relatively high, and even increased.

That’s because fixed-rate mortgages — the most popular type of home loan — don’t mirror the federal funds rate; they track the 10-year Treasury yield. When that goes up or down, fixed-rate mortgage rates do, too. Again, the two rates aren’t exactly the same. Your mortgage rate will be higher than the 10-year yield by an amount known as a spread or margin.

How The Fed's Rate Decisions Move Mortgage Rates | Bankrate

The Federal Reserve's decisions have ripple effects, including on mortgages. Here's how its policies help move home loan rates.

www.bankrate.com

 

[Marener]

Right now due to high interest rates homes are not selling... this harms builders and contractors of every skill and craft... those are the little guys out there and they are struggling for work and are laying off employees...
At a time when the economy is otherwise good... tradesmen don't have work all because Powell hates Trump....

Then home prices should go down.

 

[Rambunctious]

When I read comments from Democrats like Mariner’s, showing such ignorance of how interest rates work, it scares me that they have a vote.

All he has to do is a simple google search but he is too stubborn... the federal reserves rate heavily influences the rates at banks and mortgage companies and the trickle down is working folks hurting... but Marener does not care about them....

 

[Rambunctious]

Bank loan rates are typically reflective of 10 year treasury rates.

Not the Fed rates.

There are many factors that sets rates at banks... one of the top influences is the reserves rate... why do you think everyone wants it cut?... you are playing with semantics my friend...

 

[Marener]

When I read comments from Democrats like Mariner’s, showing such ignorance of how interest rates work, it scares me that they have a vote.

All he has to do is a simple google search but he is too stubborn... the federal reserves rate heavily influences the rates at banks and mortgage companies and the trickle down is working folks hurting... but Marener does not care about them....

If you'd done your research, or read my link, you'd see I'm right.

Why didn't mortgage rates go down when the Fed lowered their rate last year? Explain that.

 

[Marener]

There are many factors that sets rates at banks... one of the top influences is the reserves rate... why do you think everyone wants it cut?... you are playing with semantics my friend...

Businesses like cheap money.

 

[Marener]

You dipshits could google this and find I'm right, but I guess you'd rather just pretend otherwise.

Fed holds interest rates steady: What that means for car loans, credit cards, mortgages and more

From credit cards, car loans, mortgages, savings and student debt, here's how the Federal Reserve's interest-rate decision influences your wallet.

www.cnbc.com

Mortgage rates don’t directly track the Fed, but are largely tied to Treasury yields and the economy. As a result, experts say, concerns over tariffs and ongoing uncertainty about future costs have kept those rates within the same narrow range for months.

 

[Lisa558]

If you'd done your research, or read my link, you'd see I'm right.

Why didn't mortgage rates go down when the Fed lowered their rate last year? Explain that.

So you’re saying that adjustable rate mortgages, home equity loans, and credit card rates didn’t go down?!

My rate did.

 

[Marener]

So you’re saying that adjustable rate mortgages, home equity loans, and credit card rates didn’t go down?!

My rate did.

Sure, loans pegged to the Fed rate go down.

But the traditional 30 year mortgage tracks the 10 year treasury rate and didn't go down. There are reasons that the 10 year treasury rate isn't going down and that has a lot to do with Trump policy decisions.

 

[Lisa558]

You dipshits could google this and find I'm right, but I guess you'd rather just pretend otherwise.

Fed holds interest rates steady: What that means for car loans, credit cards, mortgages and more

From credit cards, car loans, mortgages, savings and student debt, here's how the Federal Reserve's interest-rate decision influences your wallet.

www.cnbc.com

Mortgage rates don’t directly track the Fed, but are largely tied to Treasury yields and the economy. As a result, experts say, concerns over tariffs and ongoing uncertainty about future costs have kept those rates within the same narrow range for months.

Lots of mortgages are tied to the prime rate, which is influenced by the fed rate.

And complaining about tariffs is just anti-Trump nonsense. The benefits to tariffs - including bringing manufacturing to America and the increase in jobs - offset any negatives.

Plus, you don’t HAVE to buy the fancy French goods. Buy American made. Same with autos. Buy American-produced.

 

[Marener]

Lots of mortgages are tied to the prime rate, which is influenced by the fed rate.

And complaining about tariffs is just anti-Trump nonsense. The benefits to tariffs - including bringing manufacturing to America and the increase in jobs - offset any negatives.

Plus, you don’t HAVE to buy the fancy French goods. Buy American made. Same with autos. Buy American-produced.

You have no idea. US debt had artificially low interest rates for decades because we were the major reserve currency with large trade deficits that other countries sunk into US debt, and lowered the rates.

If other countries aren't going to be doing that, then the market for US debt is going to be smaller and rates are going to increase, especially as this administration further expands our deficits.

You can't wave a magic wand and lower treasury rates. It just doesn't work that way.

Not that you care, since you have absolutely no problem passing on massive debt to future generations that you'll never be responsible for.

 

[The Sage of Main Street]

Experience and data tell us.

In fact, prices often increase more than the cost of tariffs.

Lazy-Faire

If businessmen can get away with that excuse for jacked-up prices, they should have sold it for the same price before the tariffs.

 

[The Sage of Main Street]

Trump appointed him.

The Best of a Busted Clique

When Trump says he hires "the best people," you have to remember whom he is talking to. He means the best who can pass media muster.

 

[SurferH2O]

The Housing Market will continue to lag behind everything else a Powell ***** around. He's a turd.

Americans are losing trillions because of Powell... he needs to go.

 

[The Sage of Main Street]

He’s also a Republican but these MAGA cultists don’t know anything other than narrative.

GOPer Interloper

You're Dead Right, and so is Powell.

 

[The Sage of Main Street]

What does that have to do with what I said?

Inflation was coming down, but has stalled above the Fed's goal. Add to that the policies Trump is pursuing are likely to add additional inflation.

Meaning that it's unwise to lower interest rates right now.

The Fed is being rational. Sorry if that bothers you.

Piss on Pessimism

Trump figures on creating new businesses here by bringing them back to America. To accelerate that growth, he wants lower interest rates.

Same with the Big Beautiful Bill. He's counting on economic growth to produce the tax revenue needed.

 

[pknopp]

The Best of a Busted Clique

When Trump says he hires "the best people," you have to remember whom he is talking to. He means the best who can pass media muster.

Its ego driven bluster.

 

[Marener]

Piss on Pessimism

Trump figures on creating new businesses here by bringing them back to America. To accelerate that growth, he wants lower interest rates.

Same with the Big Beautiful Bill. He's counting on economic growth to produce the tax revenue needed.

Tariffs, low interest rates and bit federal deficits sound like a recipe for inflation.

Trump doesn't always get what he wants. The fed is behaving rationally.