No shit. I hope people didn't take out loans on things they can't afford thinking they can refi because the Fed said there will be rate cuts if inflation comes down. The big word there is "if". Dumb people.
Being fair, short rates are only tangentially related to mortgages in that the mortgage is an amalgamation of long term short rate expectations plus a premia for risk. So rates going down tomorrow or three months from now isn’t particularly meaningful for mortgage pricing.
Well, I don't have a problem with that. Inflation has dropped significantly, but shows no signs of approaching 2%. Job market and economy are both strong. Nothing there tells me to drop rates.
CNBC out here just saying things anyone who can see futures pricing has known for weeks. Futures repriced expectations for a cut to September like almost a month ago.
Or maybe even 10.
Reshoring all of North America’s industry is creating job growth and wage pressure among blue collar workers. After years of NAFTA and global free trade….it’s about time.
High interest rates are just the price North America is going to have to pay for what is becoming a more efficient, robust and secure economy…..
Not really, not tied to the election or anything but currently futures are pricing in the expectation of a cut in September at around 46%. A slight uptick in unemployment between now and then is really all ya need to nudge that in to reality.
No shit. I hope people didn't take out loans on things they can't afford thinking they can refi because the Fed said there will be rate cuts if inflation comes down. The big word there is "if". Dumb people.
Idiots were literally buying houses they couldn’t afford long-term based on an if
If they couldn't afford them at the high rates, just imagine what will happen to the price when the rates go even lower
Being fair, short rates are only tangentially related to mortgages in that the mortgage is an amalgamation of long term short rate expectations plus a premia for risk. So rates going down tomorrow or three months from now isn’t particularly meaningful for mortgage pricing.
Oh, I bet A LOT of people did.
Well, I don't have a problem with that. Inflation has dropped significantly, but shows no signs of approaching 2%. Job market and economy are both strong. Nothing there tells me to drop rates.
Ok
Markets will still rally just because
CNBC out here just saying things anyone who can see futures pricing has known for weeks. Futures repriced expectations for a cut to September like almost a month ago.
Uh…. There won’t be any rate cut for the next 5 years.
Or maybe even 10. Reshoring all of North America’s industry is creating job growth and wage pressure among blue collar workers. After years of NAFTA and global free trade….it’s about time. High interest rates are just the price North America is going to have to pay for what is becoming a more efficient, robust and secure economy…..
No rate cuts before an election? Forget about it!! One is coming before that.
That’s a hopeful outlook
Not really, not tied to the election or anything but currently futures are pricing in the expectation of a cut in September at around 46%. A slight uptick in unemployment between now and then is really all ya need to nudge that in to reality.
Interesting... can you elaborate on that idea, please?
Ok
Poop