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WSJ: Trump's tax cut blowout already raising mortgage rates - link

Borrowers aren’t yet feeling the effect of the Federal...
brindle laughsome location international law enforcement agency
  11/07/24
just closed on my first home at 6.5% yesterday. Rate me
Very tactful stead
  11/07/24
i rate U as having 2x interest rate as me
hot base
  11/07/24
Same. He’s probably 2x as Tall as me though.
Exciting Scarlet Hospital National Security Agency
  11/07/24
Same rate as I have. sucks.
Crusty piazza
  11/07/24
seems like it could be worse Boomers talk to me about their...
Very tactful stead
  11/07/24
It was like 15% briefly in the early 80s, they of course ref...
Crusty piazza
  11/07/24
The house price was like 4 years gross salary instead of 12
Bat shit crazy private investor
  11/07/24
as will we, brother
Very tactful stead
  11/07/24
sold our starter house w/ 2.125%, and paid cash for our new ...
Doobsian federal hunting ground
  11/07/24
Will fed sabatoge trump economy by raising rates?
soggy concupiscible business firm death wish
  11/07/24
L'Chaim!
titillating emerald point deer antler
  11/07/24
...
Misunderstood buck-toothed preventive strike
  11/07/24
I’m using a personal loan at 9% and a business loan at...
shimmering balding step-uncle's house psychic
  11/07/24
a GREAT Goyim!
titillating emerald point deer antler
  11/07/24
Interest rates have been rising for 2 months. Not 2 days.
cerise sweet tailpipe ape
  11/07/24
Plus who is president now?
Exciting Scarlet Hospital National Security Agency
  11/07/24
...
Garnet Self-centered Locus
  11/07/24


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Date: November 7th, 2024 2:39 PM
Author: brindle laughsome location international law enforcement agency

Borrowers aren’t yet feeling the effect of the Federal Reserve’s interest-rate cuts.

The central bank lowered its benchmark rate by a quarter-percentage point Thursday, following its half-point cut in September.

But the average rate on a 30-year fixed mortgage has gone in the opposite direction since the Fed’s first cut, rising by more than half a percentage point to 6.79% this week, Freddie Mac said Thursday. It might keep climbing, tracking the recent rise in the 10-year Treasury yield.

The Fed wants to push down the cost of borrowing money for homes, cars and other purchases. But mortgage rates aren’t determined by the Fed, they are heavily influenced by Treasury yields, which go up and down based on economic expectations. And the outlook for growth is strong, keeping both yields and mortgage rates high.

Yields have also been rising since President-elect Donald Trump’s victory. Investors think that Trump’s tax-cut heavy agenda would add to the deficit and increase economic growth and inflation. That would put upward pressure on Treasury yields. Trump has also promised higher tariffs, which could further add to inflation.

“Higher for longer, unfortunately, for all of us is going to be a thing, even in the face of Fed rate cuts,” said John Toohig, head of whole-loan trading at Raymond James. “You would need to see the economy show some real signs of economic weakness to see rates truly drop.”

https://www.wsj.com/economy/housing/mortgages-fed-interest-rate-cuts-7e5345b8

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306281)



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Date: November 7th, 2024 2:42 PM
Author: Very tactful stead

just closed on my first home at 6.5% yesterday. Rate me

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306295)



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Date: November 7th, 2024 2:42 PM
Author: hot base

i rate U as having 2x interest rate as me

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306297)



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Date: November 7th, 2024 7:13 PM
Author: Exciting Scarlet Hospital National Security Agency

Same. He’s probably

2x as Tall as me though.

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48307484)



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Date: November 7th, 2024 2:44 PM
Author: Crusty piazza

Same rate as I have. sucks.

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306299)



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Date: November 7th, 2024 2:56 PM
Author: Very tactful stead

seems like it could be worse

Boomers talk to me about their original 15% rate (but they're all <3% now)

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306356)



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Date: November 7th, 2024 3:42 PM
Author: Crusty piazza

It was like 15% briefly in the early 80s, they of course refinanced them later at some point.

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306597)



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Date: November 7th, 2024 4:15 PM
Author: Bat shit crazy private investor

The house price was like 4 years gross salary instead of 12

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306749)



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Date: November 7th, 2024 7:06 PM
Author: Very tactful stead

as will we, brother

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48307441)



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Date: November 7th, 2024 7:11 PM
Author: Doobsian federal hunting ground

sold our starter house w/ 2.125%, and paid cash for our new home bc of 7% rates. rate me.

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48307471)



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Date: November 7th, 2024 2:46 PM
Author: soggy concupiscible business firm death wish

Will fed sabatoge trump economy by raising rates?

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306306)



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Date: November 7th, 2024 3:20 PM
Author: titillating emerald point deer antler

L'Chaim!

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306457)



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Date: November 7th, 2024 7:12 PM
Author: Misunderstood buck-toothed preventive strike



(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48307476)



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Date: November 7th, 2024 3:22 PM
Author: shimmering balding step-uncle's house psychic

I’m using a personal loan at 9% and a business loan at 15% to build a house. Rate me.

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306468)



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Date: November 7th, 2024 3:22 PM
Author: titillating emerald point deer antler

a GREAT Goyim!

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306472)



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Date: November 7th, 2024 3:39 PM
Author: cerise sweet tailpipe ape

Interest rates have been rising for 2 months. Not 2 days.

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48306582)



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Date: November 7th, 2024 7:14 PM
Author: Exciting Scarlet Hospital National Security Agency

Plus who is president now?

(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48307493)



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Date: November 7th, 2024 8:00 PM
Author: Garnet Self-centered Locus



(http://www.autoadmit.com/thread.php?thread_id=5629579&forum_id=2#48307855)