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Forum » Interest rate cuts coming soon.
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Thread: Interest rate cuts coming soon.

post 1705399701 08-23-2024, 09:31 AM
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Interest rate cuts coming soon.

Of course we all knew it would eventually. Also, I don't believe a single number coming from the government's gay lips.

https://thehill.com/business/4843975...est-rate-cuts/
Markets currently expect the Fed to cut rates by a quarter percentage point at its September meeting, with the CME Fed Watch prediction algorithm putting the odds at 67.5 percent. The algorithm put the odds of a half-point cut at 32.5 percent Friday morning.
It might be time for me to sell my precious metals, especially if Komrad Kamala looks likely to win. It's gonna peak soon. The market is already jumping.
post 1705400031 08-23-2024, 09:40 AM
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They don't know wtf they are doing

Idiots appoint idiots

Can everyone not see the stupidity on every face in this administration?
post 1705400051 08-23-2024, 09:41 AM
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How to profit off this?
post 1705400071 08-23-2024, 09:41 AM
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Jerome — “printer is coming”
post 1705400131 08-23-2024, 09:42 AM
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Good timing, without any points added I was quoted 6.875% back in June for a 30/yr fixed with 20% down. But it was just a quote, the closing doesn't happen till next month. I saw on Mortgage News Daily there's some lenders for my zip code and situation that would offer below 5.75% today.
post 1705400171 08-23-2024, 09:43 AM
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Originally Posted By TCmaxxing⏩
How to profit off this?
Buy high right now then sell low.
post 1705400301 08-23-2024, 09:46 AM
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Just remember that after the cuts start arriving is historically when the stock market tends to head down, but who knows maybe this time will be diffrrent
post 1705400441 08-23-2024, 09:48 AM
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Originally Posted By Destor⏩
Just remember that after the cuts start arriving is historically when the stock market tends to head down, but who knows maybe this time will be diffrrent
I'm thinking that will be the case. Precious metals are up, crypto and stocks too. Once it happens, I look for it to fall again. If it's September when it happens, we have about a month and a half from then before elections. I figured November 6th will be fun.
post 1705400551 08-23-2024, 09:51 AM
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Originally Posted By Visel⏩
Good timing, without any points added I was quoted 6.875% back in June for a 30/yr fixed with 20% down. But it was just a quote, the closing doesn't happen till next month. I saw on Mortgage News Daily there's some lenders for my zip code and situation that would offer below 5.75% today.
Why do you borrow money?
post 1705400721 08-23-2024, 09:55 AM
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Originally Posted By Destor⏩
Just remember that after the cuts start arriving is historically when the stock market tends to head down, but who knows maybe this time will be diffrrent
yep. recessions tend to follow a fed pivot in the next couple quarters.

the september cuts have been priced into the market for months also.
post 1705400751 08-23-2024, 09:55 AM
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I wonder if lying about job reports by almost a million will delay this at all?
post 1705401151 08-23-2024, 10:02 AM
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Originally Posted By Visel⏩
Good timing, without any points added I was quoted 6.875% back in June for a 30/yr fixed with 20% down. But it was just a quote, the closing doesn't happen till next month. I saw on Mortgage News Daily there's some lenders for my zip code and situation that would offer below 5.75% today.
Interest rates, I believe, are killing my house selling. Well, that and the saturation of houses in my neighborhood for sale.
post 1705401251 08-23-2024, 10:03 AM
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Originally Posted By hendrixfreak70⏩
Interest rates, I believe, are killing my house selling. Well, that and the saturation of houses in my neighborhood for sale.
just took me 5 months to sell.

a year before that I sold a rental and had 30 showings in 48 hours lol.

different price points of course, but the market is not the feeding frenzy it was 18 months ago.

good luck bro!!!!
post 1705401351 08-23-2024, 10:06 AM
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Originally Posted By Retoaded⏩
just took me 5 months to sell.

a year before that I sold a rental and had 30 showings in 48 hours lol.

different price points of course, but the market is not the feeding frenzy it was 18 months ago.

good luck bro!!!!
Maaan, I'd kill to be able to sell. Our price point is higher than all the other houses for sell in our neighborhood because it's bigger. However, even the lower priced houses aren't been looked at. One of my neighbors has already purchased another house in Louisiana and still has his for sell here. Brutal. Fortunately I don't have to sell. I've got a great rate, low payment, and no land taxes. Others aren't as lucky. I just want to downsize and have no house note.
post 1705401441 08-23-2024, 10:09 AM
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Originally Posted By hendrixfreak70⏩
Maaan, I'd kill to be able to sell. Our price point is higher than all the other houses for sell in our neighborhood because it's bigger. However, even the lower priced houses aren't been looked at. One of my neighbors has already purchased another house in Louisiana and still has his for sell here. Brutal. Fortunately I don't have to sell. I've got a great rate, low payment, and no land taxes. Others aren't as lucky. I just want to downsize and have no house note.
yeah I just got divorced. initially, I stubbornly bought her out of the equity in the house and was gonna stay there. 1 year in a 4500 SF house by myself and I was like what the hell am I doing lol. Bought a 1700 SF house downtown in my city close to my office and all the fun bars and restaurants and its awesome.
post 1705401471 08-23-2024, 10:09 AM
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Remember Donny's housing costs. Sub 3% and houses were half the price they are now.

I'm kicking myself I bought a house and some land but should have went balls deep.
post 1705401491 08-23-2024, 10:09 AM
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Of course they'll cut it. An election is nearing. That's also why the conversation for student loan 'forgiveness' and a 25k check for housing is heating up. Gotta buy votes somehow.
post 1705401881 08-23-2024, 10:17 AM
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A 1/4 point rate cut won't really do much. I think the Fed wants this to dump hard to reset asset values.
post 1705402351 08-23-2024, 10:25 AM
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Originally Posted By OliverHeldens⏩
A 1/4 point rate cut won't really do much. I think the Fed wants this to dump hard to reset asset values.
It ain't gonna work on me. I won't sell for any lower than what I have my house at now, UNLESS other assets fall in line too. It seems most houses are still super high but mine is going to be expected to sell for less. Not gonna do it.
post 1705403741 08-23-2024, 10:52 AM
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Originally Posted By tripod29⏩
Why do you borrow money?
The emotional answer is that it was a dream of mine to be a home owner eventually, and I wanted to do it before age 30.

My "logic" though is houses/land will keep going up in the area I'm interested in, and I can get a nice house now, as opposed to waiting till the same house would be $150k+ more. If I lived in the house forever, that's cool, then by age 59 it'll be paid off if I just did the bare minimum payments (no amortization). If not, also cool, should be able to flip it for a profit within a number of years.
Originally Posted By hendrixfreak70⏩
Interest rates, I believe, are killing my house selling. Well, that and the saturation of houses in my neighborhood for sale.
Das not it mane. Is it a problem with the location? Generally people think if interest rates drop, it'll encourage more buyers, and enable higher house prices.
post 1705403901 08-23-2024, 10:55 AM
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post 1705404571 08-23-2024, 11:07 AM
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Originally Posted By Visel⏩
The emotional answer is that it was a dream of mine to be a home owner eventually, and I wanted to do it before age 30.

My "logic" though is houses/land will keep going up in the area I'm interested in, and I can get a nice house now, as opposed to waiting till the same house would be $150k+ more. If I lived in the house forever, that's cool, then by age 59 it'll be paid off if I just did the bare minimum payments (no amortization). If not, also cool, should be able to flip it for a profit within a number of years.



Das not it mane. Is it a problem with the location? Generally people think if interest rates drop, it'll encourage more buyers, and enable higher house prices.
It could be. I live in a gated community but think it's mainly because there are so many options in my neighborhood. However, the four houses just on my street for sale haven't had many or any viewings in months.
post 1705404711 08-23-2024, 11:12 AM
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Asset values have to reset at some point.

I don't know why the Dems don't want Trump to win - he wins, they can then crash the market, blame Trump, and then come riding in as heroes 4 years from now. As long as they clear out and/or go short prior to the dump the Illuminati continues to win.
Booo
post 1705415241 08-23-2024, 03:22 PM
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Originally Posted By Visel⏩
Good timing, without any points added I was quoted 6.875% back in June for a 30/yr fixed with 20% down. But it was just a quote, the closing doesn't happen till next month. I saw on Mortgage News Daily there's some lenders for my zip code and situation that would offer below 5.75% today.
if not in hurry
wait till it reachs a better rate
below 4% or even 3.5%
post 1705415711 08-23-2024, 03:33 PM
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Originally Posted By hendrixfreak70⏩
Of course we all knew it would eventually. Also, I don't believe a single number coming from the government's gay lips.

https://thehill.com/business/4843975...est-rate-cuts/







It might be time for me to sell my precious metals, especially if Komrad Kamala looks likely to win. It's gonna peak soon. The market is already jumping.
Wouldn’t comrade Kamala crash the housing market?
post 1705416191 08-23-2024, 03:43 PM
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Will this cuck my hysa?
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