re: US mortgage rates sink to 3-year low after Trump’s astonishing $200B order

The FED started QE on December 12



I hear ya, but the real QE that helps rates at the long end haven’t started yet

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Bessent

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Even the lettist outlets are having to admit that the tariffs are working beyond anyones prognostications and arent really impacting domestic pricing.

Anyone who isnt a hopeless ideologue is taking notice of the decrease in the trade deficits as well.

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hawkeye007 who claimed to be a mortgage 'expert' with 21 years of experience called it QE, which it isn't, and also said 'rates are not going down anytime soon'

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I can vouch for his experience; he and I worked together way back when.

I did not see the post but $200B is not that much compared to QE numbers . There were trillions spent QE, this $200B is not really much by comparison and I do not think this will move rates much.

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Rates were already falling so whether or not the bond buy influenced rates is unknowable.

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Mortgage spreads moved like 15bps overnight on the night of that announcement or something like that.

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quote:until Powell resigns and a new Fed chair who is willing to lower rates faster Faster than 3 rate decreases in 5 months?? With inflation still well over the Fed’s target inflation rate? I had no idea you craved higher inflation in our economy… Mortgage rates were already going down when Trump made his socialist commitment to interfere in the bond market. And, your own link says any drop from those bonds being bought will be temporary, which we’ve already seen. The article you posted touting lower mortgage rates is ten days old. If you were honest you would have acknowledged that average 30 year mortgage rates have gone UP since then, to 6.17%…back to almost where they were when Trump made his announcement. C’mon, stout, what has happened to you??

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You could have just been honest and said, “NUH UH!!! REEEE!!! OMB!!!”

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We don’t know. Rates were already falling so whether or not the bond buy influenced rates is unknowable.

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This is why you are labeled a clown

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LSURussian

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Another one with terminal TDS.

You’re the lunatic who argued in a thread last week that 8% mortgage rates are the same thing as 9% mortgage rates.

And last summer when Chicken started a thread on the Money Talk Board about average 30 year fixed mortgage rates hitting 7% for the first time in years, and he linked an article discussing it, you replied to him that rates weren’t at 7% because you knew of a few lenders who were advertising such loans at 6.9%.

You were arguing a few lenders versus “average” rates even when Chicken’s link had a chart showing 7.01% average rates.

You’re the ignorant clown on this board.