Started By
Message

re: Finance people, will interest rates ever be as low as they were in 2020 again?

Posted on 12/11/24 at 5:59 pm to
Posted by SECdragonmaster
Order of the Dragons
Member since Dec 2013
17445 posts
Posted on 12/11/24 at 5:59 pm to
I hope not.

It’s bad to discourage saving money.
Posted by Dadren
Jawja
Member since Dec 2023
3255 posts
Posted on 12/11/24 at 6:04 pm to
quote:

It’s bad to discourage saving money.

The flip side to low rates that no one seems to care about.

Low rates makes for a more consumption-driven economy, not necessarily a good thing.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
139399 posts
Posted on 12/11/24 at 6:06 pm to
No, probably lows might hit 4.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41043 posts
Posted on 12/11/24 at 6:17 pm to
Those rates were not based on reality.

We only got them because of government interference

Will the government interfere again? Maybe.
Posted by PsychTiger
Member since Jul 2004
109242 posts
Posted on 12/11/24 at 6:24 pm to
quote:

lol i have a 3.49 commercial mortgage… you will never ever see a thing remotely close to that in our lifetime


I got a 1.9% interest rate on a new car.
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
61181 posts
Posted on 12/11/24 at 6:24 pm to
No. It was an historical aberration.
Posted by Billy Blanks
Member since Dec 2021
5088 posts
Posted on 12/11/24 at 6:28 pm to
No. Not in this lifetime.
Posted by Tantal
Member since Sep 2012
19821 posts
Posted on 12/11/24 at 6:28 pm to
Not until all of the Millennials are in their prime earnings years.
Posted by SalE
At the beach
Member since Jan 2020
3127 posts
Posted on 12/11/24 at 8:16 pm to
No
Posted by Bayou Warrior 64
Member since Feb 2021
943 posts
Posted on 12/11/24 at 8:24 pm to
Not likely. It is possible, but economic conditions would have to tank.
Posted by Porpus
Covington, LA
Member since Aug 2022
2718 posts
Posted on 12/11/24 at 8:38 pm to
quote:

we bought our starter home in 2019...starting to think it'll be our forever home... good thing we love it lol



I can't imagine buying a house and thinking, "yeah, we'll probably sell this in 5-10 years and get a bigger one" anyway. The whole "starter home" thing was mostly a figment of real estate people's imagination.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
139399 posts
Posted on 12/11/24 at 8:44 pm to
quote:

got a 1.9% interest rate on a new car.


Forever car interest rates were 0
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
24835 posts
Posted on 12/11/24 at 8:57 pm to
Probably not. By historical standard we are now in a fairly low rate environment.
Posted by go ta hell ole miss
Member since Jan 2007
14674 posts
Posted on 12/11/24 at 9:22 pm to
quote:

shite in economy blows up every 10- 15 years, you'll have sub 5% rates in the next decade


Three catastrophic market events this century already. Recessions hit about every five years on average since WWII. Although less frequently since 2002.

Rates will likely be below 5% in the next five years.
Posted by ellesssuuu
Baton Rouge
Member since Mar 2016
3178 posts
Posted on 12/11/24 at 9:33 pm to
If another Great Depression, WWIII, or pandemic then yes
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
54552 posts
Posted on 12/11/24 at 9:36 pm to
Not sure how they can get lower. I have three paid off properties and my other two are refis into the 2.75% window that I will never sell. I could retire today and live just off my rentals.
Posted by North Dallas Tiger
United States of America
Member since Mar 2024
13008 posts
Posted on 12/11/24 at 9:39 pm to
Hell the frick nah
Posted by LSU316
Rice and Easy Baby!!!
Member since Nov 2007
30280 posts
Posted on 12/11/24 at 9:40 pm to
Maybe if something shuts down borrowing, lending, and the economy in general (outside of government spending) for the better part of a year.
Posted by geauxpurple
New Orleans
Member since Jul 2014
17357 posts
Posted on 12/11/24 at 9:41 pm to
Not unless we have another crisis. It is not good for them to be abnormally low. There has to be a happy medium.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
72090 posts
Posted on 12/11/24 at 9:42 pm to
quote:

yeah, we'll probably sell this in 5-10 years and get a bigger one


I think all women think this way now.

Totally ignore the closing costs, commissions, repairs made etc...

"We made $20k on that house!"

Yea, and it costed you $50k to do it.
first pageprev pagePage 2 of 3Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram