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Started By
Message
re: No rate cut expected today, per Sec. Scott Bessant.
Posted on 7/30/25 at 1:29 pm to LSURussian
Posted on 7/30/25 at 1:29 pm to LSURussian
quote:
Of course, he hasn't provided a link showing where those loans are available from
That's his MO just make something up and not provide any source then claim you are wrong and he is right and then he disappears like he never said it to begin with. He does it all the time. He's full of shite.
1
Posted on 7/30/25 at 1:29 pm to RogerTheShrubber
USA has to refinance $9.2 trillion in bonds this year. I think the hit starts in September. Kinda late now to see any help through trickle down interest rates if theyhad been lowered. US budget will now have to pay a shite ton for interest cost in the future. This is why President Trump has been harping about interest rates.
Posted on 7/30/25 at 1:32 pm to LSURussian
quote:
SDVTiger announced that 30 year, fixed rate conventional mortgage loans are available at 5.5% interest.
Doesn’t he just post the wholesale rates or some other such rate that generally isn’t available to individual borrowers?
He always claims mortgage rates are a full point or so lower than anything I ever see (with my 819 credit score)
Posted on 7/30/25 at 1:42 pm to ronricks
quote:That may be the most accurate and succinct description of SDVTiger's posting methods I've ever read.
That's his MO just make something up and not provide any source then claim you are wrong and he is right and then he disappears like he never said it to begin with.
Posted on 7/30/25 at 1:42 pm to Sput
quote:
Good, good, good. The economy is fine except for housing and frick the gouging arse home builders
Im inclined to agree with this. Despite my investments probably being worse off for it. frick this housing market
Posted on 7/30/25 at 1:46 pm to Victor R Franko
Remind me again what the CPI was when he cut rates multiple times under Biden and again cutting interest rates doesn’t automatically mean increased inflation no matter how much some of y’all repeat it. There is a real issue in the housing market for younger buyers and it is becoming a political problem whether you agree with it or not. Cutting rates to 2% is one thing but cutting them to around 5% to make buying a home more affordable is another
Posted on 7/30/25 at 1:47 pm to JohnnyKilroy
Correct, you would be lucky to get anything below 6.5% on a fixed rate at the current levels
Posted on 7/30/25 at 1:51 pm to Rip Torn
quote:
There is a real issue in the housing market for younger buyers
Not once the housing industry realizes the rates aren't coming down and prices fall as a result.
They're still holding out hope on the "marry the home; date the rate" silliness, keeping it somewhat afloat.
Posted on 7/30/25 at 1:51 pm to SlowFlowPro
I wonder what % of the population pushing for lower rates has employment relating to housing. RE agents, mortgage brokers, homebuilders, etc.
Seen an interview with a blackrock dude that said this sector is what would be affected the nost. Would probably help the middle to lower class the most as usual I guess
Seen an interview with a blackrock dude that said this sector is what would be affected the nost. Would probably help the middle to lower class the most as usual I guess
Posted on 7/30/25 at 1:53 pm to AncientTiger
What is the argument to cut rates at this point?
Posted on 7/30/25 at 1:56 pm to Rip Torn
quote:Inflation was significantly falling then.
Remind me again what the CPI was when he cut rates multiple times under Biden
The Fed also RAISED the Fed Funds rate multiple times from near zero percent to over 5% while Biden was President.
Posted on 7/30/25 at 1:58 pm to SlowFlowPro
quote:
They're still holding out hope on the "marry the home; date the rate" silliness, keeping it somewhat afloat.
This. For all the whining about boomers, you’d think they wouldn’t want to further line their pockets by overpaying for their houses.
Posted on 7/30/25 at 2:14 pm to Sput
quote:
and frick the gouging arse home builders
I understand this sentiment but I can tell you from personal experience that home builders (at least in my area) are not the ones inflating housing costs. Quite the opposite. As housing costs have gone up we have had to reduce our margins to stay competitive and try and make houses as affordable as possible. Costs increases have outpaced the appraisals which forces builders to lower their fees in order to have the underwriters sign off on sales.
Blame suppliers who's costs shot up after Covid and haven't moved them down a bit.
Blame the subs who when the market was booming and demand was high raised their labor prices and haven't moved on them.
Blame the EPA for changing the rules on air conditioning equipment every single year and leaving suppliers with warehouses full of supplies they aren't legally allowed to install after Jan 1.
Blame insurance for increasing at a crazy rate (I used to be able to get Builder's Risk for under $1k a house. Now it's $4500+).
Blame lot prices for shooting up and causing more $/sf in the home to be put towards land than the actual home.
I'm not saying there aren't scumbag builders who try and screw customers and banks over. There are. But by and large the average builder out there is trying to do an honest job and is currently getting fricked for it.
Posted on 7/30/25 at 2:18 pm to NC_Tigah
quote:
May well turn out to be the most divided FOMC board vote in 30 years.
A 9-2 vote. One member was absent.
Posted on 7/30/25 at 2:20 pm to The Pirate King
And about five hundred square feet smaller than today That is about $100k of the increase.
Posted on 7/30/25 at 2:42 pm to Lynxrufus2012
quote:
And about five hundred square feet smaller than today That is about $100k of the increase.
Not to mention homes are used differently now than back then. Back then houses had their square footage taken up by larger living and dining rooms. Now its larger kitchens, master baths, and closets. Those are a lot more expensive to build. More cabinetry, more countertops, more tile, more millwork vs just a big empty room.
Posted on 7/30/25 at 3:38 pm to LSURussian
I didn’t ask if it was falling, was it 2%? The answer is no and inflation has remained steadily lower under Trump
Posted on 7/30/25 at 3:42 pm to SlowFlowPro
Again your lack of common sense and life experience handicaps your views. Rent is exponentially higher than it was 2-3 years ago and your notion that people should just deal with high interest when it comes to mortgage rates is laughable. Even a 1% drop in mortgage rates can lower a buyers payments by a significant amount and renting is a waste of money
Posted on 7/30/25 at 3:49 pm to Rip Torn
quote:Nope. Inflation has gone UP the last two months.
inflation has remained steadily lower under Trump
April: 2.3%
May: 2.4%
June: 2.7%
July: Available August 12.
That means inflation is higher now than it was when the Fed started lowering rates last September.
LINK
This post was edited on 7/30/25 at 3:56 pm
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