Home Ownership

[Jibartik]

idk what goverment interset is, im talking about interest rates set by the fed whats wrong?

[Reiwa]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

idk what goverment interset is, im talking about interest rates set by the fed whats wrong?

Isnt it only for government bonds and stuff? [You must be logged in to view images. Log in or Register.]

[Jibartik]

No just turn on CNBC for like just a day. They’ll explain it.

[Reiwa]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

No just turn on CNBC for like just a day. They’ll explain it.

What is the gubmint doing telling lenders what to do? [You must be logged in to view images. Log in or Register.]

[Jibartik]

ask the guys who assasinated JFK

[Gatordash]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

Isnt it only for government bonds and stuff? [You must be logged in to view images. Log in or Register.]

Credit card rates, car loans, mortgage rates, that sort of stuff is what is actually getting affected by the rate hikes. But the Federal Reserve pretty much controls market sentiment even though they don't have a direct effect on it. Anytime they do QE, market goes through the roof. They start doing QT, recession incoming.

[Reiwa]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

But the Federal Reserve pretty much controls market sentiment even though they don't have a direct effect on it.

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[Jibartik]

I bet you could attribute every problem in the world today to the petrodollar which is funny because that's what qanon and steve bannon believe.

[Gatordash]

https://www.redfin.com/news/housing-...o-find-buyers/

The monthly mortgage payment on the median asking price home rose to a record high of $2,447 at the current 5.25% mortgage rate. This was up 43%—from $1,706 a year earlier, when mortgage rates were 3%.

41% of homes that went under contract had an accepted offer within one week of hitting the market, up from 40% a year earlier........ 55% of homes that went under contract had an accepted offer within the first two weeks

A record 57% of homes sold above list price, up from 49% a year earlier.

The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, rose to an all-time high of 102.9%. In other words, the average home sold for 2.9% above its asking price. This was up from 101.5% a year earlier.

2022-05-15_03-median-mortgage-payment.jpg

I definitely helped move up those mortgage payments.

[Jibartik]

yeah, the economy was exploding because of all the hard work and new things people were building and making those years wait what the fuck?!