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re: What Caused the Historically Low Interest Rates.?
Posted on 5/25/24 at 3:53 pm to faraway
Posted on 5/25/24 at 3:53 pm to faraway
I agree yet add to it that Covid juiced the money and kept the interest rates lower, for longer. Once the economy caught its footing, rates rose (arguable higher than they should have been without Covid stimulus) to hold back the inevitable inflation.
2
Posted on 5/25/24 at 4:18 pm to Traffic Circle
Covid really should have never come into play though, rates should have been increased 2-3 years pre covid.
Im still young enough, but I don't really understand why more boomers didn't take more advantage early on of the low interest rates? Seems like guys that were still working and investing in things like real estate would have went hard into real estate with 30 year loans at 3% just because of the great rates. The younger generations really didn't understand how good those sub 4% rates were.
ETA: I'm kinda pissy my parents and in laws didn't tell me I should have just bought a bigger house early with a 30 year term. I haven't been in my dream house. I know that could appear to be a dumb idea, but waiting is not always perfect either. I wish I would have in the least invested in a "dream" lot when rates were good and prices were good.
Im still young enough, but I don't really understand why more boomers didn't take more advantage early on of the low interest rates? Seems like guys that were still working and investing in things like real estate would have went hard into real estate with 30 year loans at 3% just because of the great rates. The younger generations really didn't understand how good those sub 4% rates were.
ETA: I'm kinda pissy my parents and in laws didn't tell me I should have just bought a bigger house early with a 30 year term. I haven't been in my dream house. I know that could appear to be a dumb idea, but waiting is not always perfect either. I wish I would have in the least invested in a "dream" lot when rates were good and prices were good.
This post was edited on 5/25/24 at 4:20 pm
Posted on 5/27/24 at 8:52 pm to Traffic Circle
There is a good ole Married with Children Clip of Marcy explaining the Fed and interest rates. Just be warned it may not be safe for work.
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