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FHFA Director Pulte calls on "Too Late " Jerome Powell to lower interest rates

Posted on 5/27/25 at 8:00 am
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98180 posts
Posted on 5/27/25 at 8:00 am
Posted by Padme
Member since Dec 2020
9784 posts
Posted on 5/27/25 at 8:07 am to
He does not understand that Powell needs to spite Trump, that’s more important than the housing industry
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98180 posts
Posted on 5/27/25 at 8:08 am to
quote:

He does not understand that Powell needs to spite Trump, that’s more important than the housing industry


Trump right again that too late is playing politics

Everyone with a brain can see it
Posted by Bunk Moreland
Member since Dec 2010
68426 posts
Posted on 5/27/25 at 8:08 am to
quote:

Pulte is the grandson of William J. Pulte, the founder of PulteGroup, a residential home construction company.

Hmm.
Posted by Yaboylsu63
Member since Mar 2014
3444 posts
Posted on 5/27/25 at 8:11 am to
From a very local standpoint:
I’d love for them to lower so I could look at refinancing and saving some $.
But on the other hand, lower interest rates saw a ton of FHA loans getting handed out and nice neighborhoods getting watered down.

Maybe with the FICO crackdown we can avoid that.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98180 posts
Posted on 5/27/25 at 8:12 am to
Yeah what a terrible idea to have someone from the housing world run FHFA
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
19829 posts
Posted on 5/27/25 at 8:12 am to
Have to consider that it is at least POSSIBLE that Trump 'crushed' (and I wouldn't use that strong as an adjective) inflation because (partially!) Powell didn't raise rates.

I understand the motive behind wanting rates lower... and it is OBBB related because it would have changed the growth used by the CBO to GUESSTIMATE deficit spending as it relates to the 3.2 trillion in tax cuts counted as spending....

... however, there is the law of unintended consequences.
Posted by PorkSammich
North FL
Member since Sep 2013
17599 posts
Posted on 5/27/25 at 8:45 am to
quote:

President Trump on Thursday named Jerome Powell to be the next chair of the Federal Reserve


quote:

Trump said there's a need for "strong, sound and steady leadership at the Federal Reserve" and that Powell will "provide exactly that type of leadership."
Posted by ronricks
Member since Mar 2021
12207 posts
Posted on 5/27/25 at 8:54 am to
quote:

Yeah what a terrible idea to have someone from the housing world run FHFA




This is like wanting someone from McDonald's or Taco Bell to run Health and Human Services.
Posted by Rip Torn
Member since Mar 2020
6035 posts
Posted on 5/27/25 at 9:17 am to
That’s a terrible comparison, why are you bad at this?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98180 posts
Posted on 5/27/25 at 9:25 am to
quote:

This is like wanting someone from McDonald's or Taco Bell to run Health and Human Services


As usual you are the dumbest in the room
Posted by 4cubbies
Member since Sep 2008
61417 posts
Posted on 5/27/25 at 9:30 am to
Won't lowering interest rates just cause home prices to increase?

The only time prices have come down is when rates went up.


Can someone explain how the housing market would benefit from lower rates?
Posted by ronricks
Member since Mar 2021
12207 posts
Posted on 5/27/25 at 9:30 am to
quote:

As usual you are the dumbest in the room


I'm not the one on here wishcasting for lower interest rates

You are desperate.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98180 posts
Posted on 5/27/25 at 9:35 am to
quote:

I'm not the one on here wishcasting for lower interest rates

You are desperate.


Doublin down is always the best strategy
Posted by cadillacattack
the ATL
Member since May 2020
10795 posts
Posted on 5/27/25 at 9:43 am to

quote:

He does not understand that Powell needs to spite Trump, that’s more important than the housing industry


… the entire leftist movement in a nutshell
Posted by jimmy the leg
Member since Aug 2007
44294 posts
Posted on 5/27/25 at 10:00 am to
quote:

Can someone explain how the housing market would benefit from lower rates?


More houses built equals more competition for buyers. That equates to lower prices (potentially).
Posted by 4cubbies
Member since Sep 2008
61417 posts
Posted on 5/27/25 at 10:03 am to
quote:

More houses built equals more competition for buyers. That equates to lower prices (potentially).



obvious answer - thanks.

We hear about the housing shortage so often that I wonder how much new housing stock would have to be built to impact the market in that way.
Posted by Bass Tiger
Member since Oct 2014
55751 posts
Posted on 5/27/25 at 10:11 am to
quote:

The historical average for a 30-year fixed mortgage rate in the United States, since 1971, is around 7.71%. As of May 22, 2025, the average 30-year fixed rate was 6.86%. This is lower than the long-term average, which was also 7.71%.




The fed funds rate historically is around 4-5%, not sure what dropping the fed funds interest rate below historical average is going to accomplish outside of encouraging reckless leveraging/borrowing.......again!!!!

Fed funds rate by year
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98180 posts
Posted on 5/27/25 at 10:24 am to
quote:

not sure what dropping the fed funds interest rate below historical average is going to accomplish outside of encouraging reckless leveraging/borrowing.......again!!!!


Yeah the fed fund rate at 3.5-3.6 will cause that


Maybe that 30tril in debt that needs to be refied would be an accomplishment
Posted by ronricks
Member since Mar 2021
12207 posts
Posted on 5/27/25 at 10:42 am to
quote:

Maybe that 30tril in debt that needs to be refied would be an accomplishment


Or maybe our Government could stop spending money increasing the debt?
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