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Started By
Message
No rate cut expected today, per Sec. Scott Bessant.
Posted on 7/30/25 at 12:24 pm
Posted on 7/30/25 at 12:24 pm
9
Posted on 7/30/25 at 12:27 pm to AncientTiger
May well turn out to be the most divided FOMC board vote in 30 years.
Posted on 7/30/25 at 12:31 pm to AncientTiger
Bessant should be openly ripping on Powell.
Posted on 7/30/25 at 12:36 pm to AncientTiger
Powell won’t cut rates period. It will be next year when there’s a new Fed chair. He’ll probably say that we should increase not cut rates.
Posted on 7/30/25 at 12:38 pm to AncientTiger
Good
Rates are fine where they are
Low rates/free money just fuel inflation
Rates are fine where they are
Low rates/free money just fuel inflation
Posted on 7/30/25 at 12:42 pm to Cosmo
First house I ever bought was 12.5% and 20% down. These rates are great, relatively speaking.
Posted on 7/30/25 at 12:43 pm to AncientTiger
Good, good, good. The economy is fine except for housing and frick the gouging arse home builders
Posted on 7/30/25 at 12:54 pm to hogcard1964
quote:
Bessant should be openly ripping on Powell.
He cant. You need a good cop/bad cop routine here. Trump putting the pressure on the outside, which is the right move IMO.
Posted on 7/30/25 at 1:06 pm to AncientTiger
Today's GDP numbers will give the Fed cover to do nothing.
Posted on 7/30/25 at 1:08 pm to FATBOY TIGER
quote:and it was probably a 60k house so don't act all high and mighty
First house I ever bought was 12.5% and 20% down. These rates are great, relatively speaking.
Posted on 7/30/25 at 1:13 pm to FATBOY TIGER
quote:In the earlier GDP @ 3% thread today SDVTiger announced that 30 year, fixed rate conventional mortgage loans are available at 5.5% interest.
These rates are great, relatively speaking.
Of course, he hasn't provided a link showing where those loans are available from...
Posted on 7/30/25 at 1:14 pm to TrueTiger
quote:
Today's GDP numbers will give the Fed cover to do nothing.
Yeah I don't understand the argument for cutting rates, at this point.
Posted on 7/30/25 at 1:15 pm to AncientTiger
Why are we wanting to cut rates?
Posted on 7/30/25 at 1:17 pm to LSURussian
Both my kids get a free refi if they drop 1% or more. Don't hold your breath.
Posted on 7/30/25 at 1:21 pm to FATBOY TIGER
quote:
First house I ever bought was 12.5% and 20% down. These rates are great, relatively speaking
Yeah, and the house cost was much less and salaries matched up with them. Now you've had 40 years of massive increased housing prices to make huge gains in equity.
The median home price went up from $66,000 in 1980 to $442,000 in 2022. $376,000 in equity gain over 40 years for an entire generation
Now the median housing prices have dropped $32,000 from 2022 to 2025. Meaning people buying houses in the current market are losing money as soon as they sign the papers.
Posted on 7/30/25 at 1:22 pm to AncientTiger
Fire Powell
Posted on 7/30/25 at 1:22 pm to RogerTheShrubber
quote:
Why are we wanting to cut rates?
It seems to be mostly people wanting to buy more house than they can afford. Tough shite.
Posted on 7/30/25 at 1:23 pm to DrrTiger
I wonder what % of the population pushing for lower rates has employment relating to housing. RE agents, mortgage brokers, homebuilders, etc.
Posted on 7/30/25 at 1:26 pm to The Pirate King
Not disagreeing, lots of people sign shite they shouldn't.
Fannie mae comes to mind.
Fannie mae comes to mind.
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