Its official.

[Maggot]

I was premature a couple weeks back but they did it. say goodbye to new mortgages.

How Federal Reserve's 75-basis point interest rate hike ...​

https://www.cnbc.com › 2022/07/27 › how-federal-rese...



7 hours ago — The Fed raised interest rates by another three-quarters of a point. Here's how that affects borrowers and savers now and down the road.

 

[Huskydriver]

Bro that was like 7 hours ago......

 

[NoDopes]

Can still afford a 5/1 arm. What are you talking about??

 

[KZP]

You will own nothing and be happy.

 

[davsco]

say goodbye to new mortgages.

go back in history not too far and you'll find mortgage rates at MULTIPLES of current rates

 

[Maggot]

go back in history not too far and you'll find mortgage rates at MULTIPLES of current rates

True, but back then there was a middle class, and people had disposable income. Theyve taken care of that little problem.

 

[Keeper22]

Raising intrest rates helps curb inflation only when government stops needlessly spending money. Thats not gonna happen! They are bound and determined to drive our economy even furthur down the toilet.

 

[pineoak]

Credit Card is is unbelievably stupid. NOTHING for a non-emergency is worth $12%+ interest rate.

Better to sell off guns and items you're not using rather than borrow at high interest rates.

 

[rtB]

Yes rates are still are still historically on the low side, but housing prices are through the roof. So somethings got to give.

But the good news is Blackstone just announced last week they've raised 50 Billion to "invest" in residential properties.

Odd the timing on that, almost like the Fed and these hedge funds are in cahoots...

 

[Jgault]

It’s not just mortgages this literally sucks money out of the economy like a truck stop hooker, combine that with Manchin folding like a cheap suit on the new spending bill in the trillions and rough waters ahead. It amazes me they are going to raise the minimum corporate tax rate and actually state it won’t affect prices.

 

[BoilerUP]

Historical Fed Funds rates...

"Oh teh noes the Fed is killing home sales"

 

[WaltHer]

You will own nothing and be happy.

But I own things now and am pretty happy...In the old days there was something about keeping freedom, money, and guns and letting others keep the "change." I guess they've taken all the $hange, and are still giving change...that I'm not too sure about.