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Started By
Message
When do interest rates go up?
Posted on 11/26/20 at 12:55 pm
Posted on 11/26/20 at 12:55 pm
I’m such a novice, I don’t even know how stupid this question is, though I suspect that it is. I know “printing money” leads to inflation, and I know that’s what we have been doing for a while and it has recently accelerated. I also know that should lead to inflation... when does inflation begin and how high does it go?
The reason I ask is because I want to start investing in real estate and borrowing money... but I am still saving for down payments...
The reason I ask is because I want to start investing in real estate and borrowing money... but I am still saving for down payments...
Posted on 11/26/20 at 1:00 pm to AndyJ
Prime rate will be low for several years. Mortgage rates are predicted to be low 3’s in 2021.
Posted on 11/26/20 at 1:02 pm to ellesssuuu
Thanks man, Are those low 3s considered lower than they are now?
Posted on 11/26/20 at 1:03 pm to AndyJ
I thought the fed said rates likely to stay the same for the next 3 to 5 years?
Posted on 11/26/20 at 1:16 pm to AndyJ
Rates right now are in mid to upper 2’s. Probably will be that way to start the new year
Posted on 11/26/20 at 1:49 pm to HailToTheChiz
quote:
I thought the fed said rates likely to stay the same for the next 3 to 5 years?
The rates banks lend with each other is not significant to most of us consumers. The 10 year treasury rate is the indicator for mortgage rates. Nobody has said the 10 year will not go up for 3-5 years.
Posted on 11/26/20 at 2:51 pm to go ta hell ole miss
Jay would takeover the MBS market before he allowed mortgage rates to moon.
Posted on 11/26/20 at 3:54 pm to AndyJ
The 2 other times in history where the 10 year treasury rate has fallen below 4% took it 30+ years to get back above 4%.
This post was edited on 11/26/20 at 3:55 pm
Posted on 11/26/20 at 4:36 pm to wutangfinancial
True. We really have been in an amazing cycle with interest rates. People have come to expect cheap money. Powell won’t let them go up under his watch.
Posted on 11/26/20 at 4:50 pm to go ta hell ole miss
He can't without blowing up the monetary system. That's the hilarious part. Our government wouldn't be able to function.
Posted on 11/26/20 at 10:07 pm to AndyJ
Thus far the Fed has walked a tight rope regarding monetary policy.
You are correct, easy money should result in inflation. However, we are teetering in the edge of
It almost seems like they have it all figured out (and it’s true they are paid big bucks to keep the economy from disaster). But as soon as you think you have solved the puzzle, another economic/fiscal/monetary issue arises like a game of whack-a-mole.
You are correct, easy money should result in inflation. However, we are teetering in the edge of
quote:so the Fed increased the money supply dramatically to try and increase velocity (i.e. economic activity). Meanwhile most measures of inflation have been tame.
deflation
It almost seems like they have it all figured out (and it’s true they are paid big bucks to keep the economy from disaster). But as soon as you think you have solved the puzzle, another economic/fiscal/monetary issue arises like a game of whack-a-mole.
Posted on 11/27/20 at 7:38 am to AndyJ
Didn't Fed say not touching rates until at least 2026?
Posted on 11/27/20 at 8:51 am to PUB
If Biden gets in, Janet’s lieutenants plan to start equity purchase.
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