Posted on 03/15/2020 2:47:15 PM PDT by Kaslin
Does anyone know what this means for mortgage lending rates?
TIA.
.
Where might mortgage rates go?
Well that will drive the middle class down a little more Donald. Pull out the little steps on the upwardly mobile ladder.
Real Conservatives just don’t do that.
And no, I am not a never Trumper nor a troll nor a lib.
I am a classical conservative with an affinity for the middle class who carry this country on yheir backs.
Shame on Trump.
This is a full point cut, and really brings the manipulators at the Fed in line with the market.
One reason the stock market selloff was so dramatic is they kept rates above the market for way too long.
Well that will drive the middle class down a little more Donald
...
No it won’t. The funds rate was above the market. It’s now in line with the market.
Your blame should be going to the Fed for keeping rates above the market for too long.
Well that will drive the middle class down a little more Donald.
***********
Explain that statement please.
“Where might mortgage rates go?”
They will go in the same direction as the 10 YR Treasury Bond.
We need to establish another strategic reserve (like we did for oil during the shutdown) for toilet paper.
Perhaps we can get lock limit up and lock limit down in the same session?
The only prediction anyone can make is that this should drive gold up like mad. (of course, it was down over $70 Friday)
I bot a load of GLD calls on the dip.
I Dont think this is going to help at all. This economic slowdown is due to unusual circumstances.
This temporary we all know this, this is to calm the markets and the economy down until April and this bullsh## is over
Please look at recent history. Obama kept interest rates low, essentially allowing banks to use others money, usually the middle classes money, free.
The middle class suffered.
Disagree. The market is not the determiner except in the minds of rapacious capitalists who are not conservatives.
It is not classical conservatism to allow the rich to use others money for free.
Why? What will that do? More long term mortgage disasters. Do we ever learn? We become more stupid as time goes by.
Did you notice Futures tanked 1,000+ points on the news?
They’re panicking. And in the meantime are cratering our markets further.
Thanks. Yes suffering will a part of this situation for sure. Not only the sick but also the economy will see
some impact as the world tries to get back to normal.
Take care.
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