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Started By
Message
Feds raise interest rates 1/2%
Posted on 5/4/22 at 1:09 pm
Posted on 5/4/22 at 1:09 pm
Biggest rate raise since 2000, just heard on radio. The big raise was to combat inflation.
This post was edited on 5/4/22 at 1:10 pm
12
Posted on 5/4/22 at 1:13 pm to AubieinNC2009
Going to get rich off that savings account now. 
Posted on 5/4/22 at 1:14 pm to AubieinNC2009
Had to be done.....and its about time
Posted on 5/4/22 at 1:16 pm to AubieinNC2009
So how will the housing market take this ?
Posted on 5/4/22 at 1:18 pm to Wtodd
"frick Joe Biden"
"frick Joe Biden"
"frick Joe Biden"
"frick Joe Biden"
"frick Joe Biden"
Posted on 5/4/22 at 1:18 pm to SantaFe
quote:
So how will the housing market take this ?
Very good question, as that largely drives our economy.
Posted on 5/4/22 at 1:20 pm to AubieinNC2009
A negative GDP and an rampant Inflation. Let’s go Brandon
Posted on 5/4/22 at 1:20 pm to AubieinNC2009
Recession time, brought to you by the commies.
LGB!
LGB!
Posted on 5/4/22 at 1:23 pm to Wtodd
quote:
Had to be done.....and its about time
One year late….
Posted on 5/4/22 at 1:23 pm to SantaFe
quote:
So how will the housing market take this ?
Posted on 5/4/22 at 1:24 pm to ArHog
Sheila Jackson Lee showing her economic prowess just now on Fox pissed that they raised the rate. Cause poor people won’t be able to buy houses now. How many times are we gonna ruin the country by forcing banks to give loans to people that can’t repay them? Also given the rate of inflation the feds had absolutely no choice it’s like a snowball rolling down a Mt.
Posted on 5/4/22 at 1:25 pm to SingleMalt1973
quote:
Cause poor people won’t be able to buy houses now.
Like when they were buying houses in 2005?
She's a mucking foron.
Posted on 5/4/22 at 1:26 pm to SingleMalt1973
SJL has ignorant down to an art form.
Remember her “town hall” meetings during the ObamaCare push?
She was taking calls and ignoring constituents trying to talk to her.
Remember her “town hall” meetings during the ObamaCare push?
She was taking calls and ignoring constituents trying to talk to her.
Posted on 5/4/22 at 1:27 pm to SlowFlowPro
quote:
that largely drives our economy.
What do you mean by the housing market driving the economy?
Posted on 5/4/22 at 1:29 pm to AubieinNC2009
Inflation.
High interest rates.
That's what you get with Democrats in office.
"The cost of mean tweets"
High interest rates.
That's what you get with Democrats in office.
"The cost of mean tweets"
Posted on 5/4/22 at 1:31 pm to SingleMalt1973
quote:
Sheila Jackson Lee
dumb and dumber
Posted on 5/4/22 at 1:42 pm to Smeg
That damn Putin and his price hike!!!
Posted on 5/4/22 at 1:46 pm to AubieinNC2009
quote:
Biggest rate raise since 2000, just heard on radio. The big raise was to combat inflation.
wont matter, it needs to be about 5.00% just to even start making a difference, but they are all about playing politics so they are not managing interest rates based on the data as is required
Posted on 5/4/22 at 1:50 pm to SantaFe
quote:
So how will the housing market take this ?
Black Rock will keep it afloat. The mortgage market, well that's another problem. I'm already having issues getting buyers approved. Gonna price a whole sector of them out at 6.5% when there's not a house to be found in a decent area under $250K.
Posted on 5/4/22 at 1:53 pm to LSUSkip
quote:
Black Rock will keep it afloat. The mortgage market, well that's another problem. I'm already having issues getting buyers approved. Gonna price a whole sector of them out at 6.5% when there's not a house to be found in a decent area under $250K.
I’m guessing that since people still need s place to live and that rents will always match or exceed the cost of ownership in the aggregate (or else why get in the rental business) that people will start buying in areas they previously didn’t consider “decent” and new home builders will adjust and start building more affordable homes.
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