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General Politics Discussion (XI) [ARCHIVED] World • Page 1619

Discussion in 'Politics Forum' started by Melody Bot, Nov 10, 2023.

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  1. the rural juror

    carried in the arms of cheerleaders

    Yes, they’ll go down, generally speaking
     
  2. clucky

    Prestigious Supporter

    I mean they'd complain regardless of what the fed did (and on the flipside, a lot of dems out there who'd support it regardless of what the fed did)

    and in both cases, everyone complaining or supporting doesn't actually know enough about economics to say if its the right move or not
     
  3. MysteryKnight

    Prestigious Prestigious

    from what I have read the mortgage rates have already seen small drops recently with the anticipation of the feds rate cut, so there might not be that much more movement for now. Though I'd think maybe since they cut 0.5% rather than the expected 0.25% we could see further decreases

    this is coming from my completely amateur understanding of finance
     
    Richter915 likes this.
  4. Jake Gyllenhaal

    Wookie of the Year Supporter

     
  5. additional_pylons

    feeling not found. please contact support. Supporter

    is this the same guy that made the social media platform with AI to talk to him
     
    astereo likes this.
  6. David87

    Prestigious Prestigious

    yes, directly related. The fed funds rate is the interest rate banks pay to the Fed when they borrow money from the fed, so they then charge their customers an interest rate higher than the fed funds rate when they loan out mortgages so they can make money. The lower the fed funds rate, generally the lower the mortgage interest rate.

    But it doesn’t always happen instantaneously, and it varies from hour to hour, day to day. Why, I don’t know lol.
     
  7. David87

    Prestigious Prestigious

    But also what mysteryknight said, they had already come down a little bit recently as banks and brokers were expecting a rate cut, so some of it was baked in a little bit. Last I looked, Wells Fargo’s interest rate was 5.5%. So maybe they drop to 5.25?
     
  8. RyanPm40

    The Torment of Existence Supporter

  9. David87

    Prestigious Prestigious




    I don’t know what this means or if it’s good or bad, but it seems important!
     
  10. MidDave

    I'm Sleepy Supporter

    Im closing on a house in a week and a half and got locked in at 6%, down from 6.375% in aug 2022
     
    MysteryKnight likes this.
  11. Screenshot 2024-09-18 at 4.19.50 PM.png

    Dying at this being the first thing I saw when I opened linkedin.
     
  12. 6 here too, down from > 6.5% last year when my sister and her boyfriend purchased last november
     
    David87 and scottlechowicz like this.
  13. Blainer93

    Prestigious Supporter

     
  14. iCarly Rae Jepsen

    run away with me Platinum

     
  15. imthegrimace

    the poster formally known as thesheriff Supporter

    I’m selling a house someone buy it please
     
    GrantCloud, JoshIsMediocre and Orla like this.
  16. iCarly Rae Jepsen

    run away with me Platinum

     
    TM90 likes this.
  17. Leftandleaving

    I will be okay. everything Supporter

     
  18. Freud Sep 18, 2024
    (Last edited: Sep 18, 2024)
    Freud

    Immortals with no morals, and no hang ups Prestigious

    Teamsters stuff is getting wild lol





     
    David87 likes this.
  19. Penlab

    Prestigious Supporter

    Nyquist, Orla and Freud like this.
  20. iCarly Rae Jepsen

    run away with me Platinum

     
    incognitojones and Orla like this.
  21. Ferrari333SP

    Prestigious Supporter

    Is there consensus on whether China should/deserves to take over Taiwan?
     
  22. Freud

    Immortals with no morals, and no hang ups Prestigious

  23. David87

    Prestigious Prestigious



    [​IMG]
     
  24. MidDave

    I'm Sleepy Supporter

    Let’s see the zillow
     
    JoshIsMediocre and MysteryKnight like this.
  25. imthegrimace

    the poster formally known as thesheriff Supporter

    it’s not listed yet but just buy it
     
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