Posted on 05/05/2022 9:14:08 AM PDT by Browns Ultra Fan
The headline screamed “NASDAQ PLUNGES 5%!
True, it did, but it simply lost the gain’s from yesterday’s surprisingly mild Fed announcement.
But the 10-year Treasury yield is rising faster than my blood pressure. The 10-year Treasury yield is up to 3.09%.
Cryptos? Bitcoin is down -7.27% and Dash is down -8.23%.
Watch out mortgage rates!!
Don’t panic … about the NASDAQ. EVERYBODY PANIC about rising mortgage rates.
(Excerpt) Read more at confoundedinterest.net ...
Tell your blog friend to calm down. Nobody’s panicking.
My first mortgage was 10%, people have been getting a free ride on mortgages, it is well past time to turn the printing press off
“””Don’t panic”””
Hmmmm. Given the political leadership in the USA is controlled by Leftists, it might be a good idea to protect one’s assets at this point.
INFLATIONARY DEPRESSION.
The old days of wraparounds, contracts for deed, and balloons will be back. I made a lot of money in yields and discounts on private mortgages, buying and selling, 70s and 80s.
The price of your first house, adjusted for inflation etc, was most likely drastically lower than what the housing market offers today.
at least the SHTF when a democrat is in the white house and one was running all chambers of congress.
will the people be able to connect the dots though?
in 1992 It was Over a Million Dollars less than the price today
Its ok, there has been a cessation of mean tweets
Does that mean that bank savings accounts will actually start paying real interest on savings?
It has been years since that has happened.
The level of Interest rates should be determined by the perception of risk as perceived by the lender, not artificially imposed by a quasi government agent.
When we bought our current home 16 years ago our mortgage was financed at 6 3/8 % which was considered a very competitive rate at the time. Because the Fed kept pushing rates down to re-inflate the housing bubble I was able to refinance twice and drop $220 a month from my mortgage payment. What made refinancing really attractive was the fact that Republic Bank was pushing it and doing it for no closing cost. I shelled out $275 for an inspection each time. So I recovered the cost of refinancing almost immediately.
I got a proxy notice on a stock I bought 20 y ago. Paid under $2 share and it dropped like a rock to 3-4 cents. I totally tuned it out the last 10 years+. Checked today and it’s over $2…wow! Ran a 5y graph and it hit $50 in 2017. OK…I hear the collective laughing!
With what?
By increasing interest rates?
Good deal for you…AND the bank.
Everybody will just switch to 5/1 and 7/1 ARMs. These things go in cycles.
Trust the man who flunked 5th-grade English grammar!
Regards,
I’m not laughing. I did the same thing with some Smith & Wesson stock. It went down so much I quit looking at it. When I finally got around to looking at it it had shot way up and then back down. So I’m now back to where I started lol
Biden keeping the oil flow closed will make it better huh Moe.
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