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Mortgage rates creep closer to 6% — the lowest level since early 2023
New York Post ^ | 9/19/2024 | Associated Press

Posted on 09/19/2024 10:08:48 AM PDT by Miami Rebel

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1 posted on 09/19/2024 10:08:48 AM PDT by Miami Rebel
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To: Miami Rebel

Because nobody has the money to buy anyway.


2 posted on 09/19/2024 10:09:53 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

That’s true, sadly.


3 posted on 09/19/2024 10:11:02 AM PDT by No name given ( Anonymous is who you’ll know me as)
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To: Miami Rebel

There goes your 5% high yield savings accounts.


4 posted on 09/19/2024 10:14:45 AM PDT by Round Earther
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To: Miami Rebel

We refied 15 years ago at 2.85 and are within $20k of paying off the mortgage.......we feel blessed to have missed all this mess.


5 posted on 09/19/2024 10:15:20 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: Miami Rebel

You can’t preside over a 4+% rate hike and then credibly claim credit for a half-percent improvement.


6 posted on 09/19/2024 10:16:12 AM PDT by alancarp (George Orwell was an optimist.)
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To: Miami Rebel

When it gets below 3%....let me know AP


7 posted on 09/19/2024 10:16:15 AM PDT by wardamneagle
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To: V_TWIN

Hopefully the confiscations won’t start during your lifetime.


8 posted on 09/19/2024 10:18:17 AM PDT by xoxox
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To: Round Earther

Money has been fleeing money markets. Vanguard Federal has dropped from 5.38% to 5.19% in the past month. In few weeks we’ll be in the low fours.

I’ve been a buyer of corporates. I can get 6.5% to 7% on 2- to 4-year paper.


9 posted on 09/19/2024 10:18:26 AM PDT by Miami Rebel (pro-)
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To: xoxox

Yes, I hope America dodges this bullet.


10 posted on 09/19/2024 10:19:08 AM PDT by No name given ( Anonymous is who you’ll know me as)
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To: xoxox

I’ll burn it to the ground before that shit happens


11 posted on 09/19/2024 10:22:00 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: Miami Rebel

FIRE SALE!

Not.


12 posted on 09/19/2024 10:24:43 AM PDT by Freedom_Is_Not_Free (America -- July 4, 1776 to November 3, 2020 -- R.I.P.)
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To: Round Earther

I just locked in at 4.0% last month. It feels nice to do something right for a change. I figured rates would come down after the election. I am mildly surprised Powell didn’t wait until November. He is not wrong to lower rates, but it is bad optics right before the election.


13 posted on 09/19/2024 10:26:38 AM PDT by Freedom_Is_Not_Free (America -- July 4, 1776 to November 3, 2020 -- R.I.P.)
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To: Miami Rebel

I refinanced my mortgage in 2021 , going from a 30 year fixed 5.75% (from 2003) down to 15 year fixed 3.25% interest.

It’ll never be that low again.


14 posted on 09/19/2024 10:29:55 AM PDT by ro_dreaming (Who knew "Idiocracy", "1984", "Enemy of the State", and "Person of Interest" would be non-fiction?)
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To: Miami Rebel

Good news for us. Our house is blessedly almost ready to go on the market.


15 posted on 09/19/2024 10:30:40 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Georgia Girl 2

It is political stunt. You do realize that?


16 posted on 09/19/2024 10:32:38 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Miami Rebel

That would have looked so cheap for most of my adult life.


17 posted on 09/19/2024 10:40:14 AM PDT by SaxxonWoods (The world is driven by envy, not greed.)
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To: central_va

“It is political stunt. You do realize that?”

I don’t agree. It was the right thing to do for the economy and at the right time.

And nobody is going to change their vote because of this anyway.


18 posted on 09/19/2024 10:43:20 AM PDT by SaxxonWoods (The world is driven by envy, not greed.)
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To: central_va

Well its always political but taking advantage of it is fortuitous. 😉


19 posted on 09/19/2024 10:47:48 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: SaxxonWoods
LOL. Naive. FR used to be a place to go for astute political commentary. Not so much anymore.
20 posted on 09/19/2024 10:48:05 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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