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re: Breaking: Fed leaving interest rates unchanged.
Posted on 7/29/26 at 6:10 pm to Penrod
Posted on 7/29/26 at 6:10 pm to Penrod
quote:
Are we to the point at which Powell gets an apology for the abuse he took over not lowering the rates?
While we’re at at, inflation was in fact transitory until we elected a President that imposed broad tariffs, exploded the debt, arrested cheap labor, and spiked oil with a new war,
0
Posted on 7/29/26 at 6:18 pm to Roll Tide Ravens
My commercial loan was 3.99% 5 years ago. The renewal will be 6.75 or 6.5% depending on the points I want to pay up front.
Posted on 7/29/26 at 6:24 pm to Rip Torner
quote:
Cheap money for 13 years didn’t get us here no matter how many times some on this board insist on believing it, out of control government spending got us here, nothing more.
The government spending needs the cheap money. They couldn’t get away with it if rates increase.
Cheap money has everything to do with things.
Posted on 7/29/26 at 6:26 pm to Tigergreg
quote:
My commercial loan was 3.99% 5 years ago. The renewal will be 6.75 or 6.5% depending on the points I want to pay up front.
The Covid era rates are painful. I had to work with someone whose lender didn’t explain to him that his commercial loan matured after five years and the rate would adjust, even though the amortization was for 15 years. It was to a nonprofit. Had to explain cost of funds and treasurys to him so he understood why his rate was increasing.
This post was edited on 7/29/26 at 6:27 pm
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