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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...
irradiated property mood
  11/07/24
just closed on my first home at 6.5% yesterday. Rate me
Sooty exciting circlehead
  11/07/24
i rate U as having 2x interest rate as me
Carmine idea he suggested trailer park
  11/07/24
Same. He’s probably 2x as Tall as me though.
Mewling garrison
  11/07/24
Same rate as I have. sucks.
chestnut brethren wrinkle
  11/07/24
seems like it could be worse Boomers talk to me about their...
Sooty exciting circlehead
  11/07/24
It was like 15% briefly in the early 80s, they of course ref...
chestnut brethren wrinkle
  11/07/24
The house price was like 4 years gross salary instead of 12
beady-eyed thirsty lettuce
  11/07/24
as will we, brother
Sooty exciting circlehead
  11/07/24
sold our starter house w/ 2.125%, and paid cash for our new ...
Yellow slippery becky haunted graveyard
  11/07/24
Will fed sabatoge trump economy by raising rates?
ruddy maniacal theater voyeur
  11/07/24
L'Chaim!
Lascivious fantasy-prone roast beef corner
  11/07/24
...
Naked hissy fit pisswyrm
  11/07/24
I’m using a personal loan at 9% and a business loan at...
excitant plum pit
  11/07/24
a GREAT Goyim!
Lascivious fantasy-prone roast beef corner
  11/07/24
Interest rates have been rising for 2 months. Not 2 days.
cream stage background story
  11/07/24
Plus who is president now?
Mewling garrison
  11/07/24
...
marvelous learning disabled potus set
  11/07/24


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Date: November 7th, 2024 2:39 PM
Author: irradiated property mood

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: Sooty exciting circlehead

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: Carmine idea he suggested trailer park

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: Mewling garrison

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: chestnut brethren wrinkle

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: Sooty exciting circlehead

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: chestnut brethren wrinkle

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: beady-eyed thirsty lettuce

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: Sooty exciting circlehead

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: Yellow slippery becky haunted graveyard

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: ruddy maniacal theater voyeur

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: Lascivious fantasy-prone roast beef corner

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: Naked hissy fit pisswyrm



(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: excitant plum pit

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: Lascivious fantasy-prone roast beef corner

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: cream stage background story

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: Mewling garrison

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: marvelous learning disabled potus set



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