Your Rate

[Anonymous]

Anonymous wrote:Predict rates above 10% before it drops. You heard it here. Inflation is not tackled by any stretch of the imagination.

+1. Look at the news, folks -- inflation is still crazy, and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Predict rates above 10% before it drops. You heard it here. Inflation is not tackled by any stretch of the imagination.

+1. Look at the news, folks -- inflation is still crazy, and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

Wow is that really where it’s headed, 10%? Im
learning as we speak. We are getting hit harder here in NOVA bc housing market prices are still rising along with the interest rates. Other parts of the country are complaining about their 7% on their Uber expensive 380k homes. I wish that were our problems here!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t get why people are so stressed about this, interest rates will probably go down at some point and you can refinance.

Because banking on interest rates going down by taking on a mortgage that you cannot afford today would be financially irresponsible, so the rates today severely limit the housing options of most people.

+1. Also refinancing is Expensive!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Predict rates above 10% before it drops. You heard it here. Inflation is not tackled by any stretch of the imagination.

+1. Look at the news, folks -- inflation is still crazy, and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

Wow is that really where it’s headed, 10%? Im
learning as we speak. We are getting hit harder here in NOVA bc housing market prices are still rising along with the interest rates. Other parts of the country are complaining about their 7% on their Uber expensive 380k homes. I wish that were our problems here!

It's impossible to predict these things accurately but I highly doubt they will go up to 10%. I am willing to bet that we hit max already (this month and also a few months ago). That being said, I also don't think they will fall as far and as fast as people were predicting a few months ago. Inflation is stubborn (Fed really f'ed this one up, should have increased rates sooner and government should have pumped way less $$ into economy) and does not seem to be abating.

As for the 380k, the price is irrelevant, frankly, what is more relevant is price/income (or monthly payment/income). I am sure those in areas where houses are 380k are facing the same or even worse problems as people in DMV

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Predict rates above 10% before it drops. You heard it here. Inflation is not tackled by any stretch of the imagination.

+1. Look at the news, folks -- inflation is still crazy, and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

Wow is that really where it’s headed, 10%? Im
learning as we speak. We are getting hit harder here in NOVA bc housing market prices are still rising along with the interest rates. Other parts of the country are complaining about their 7% on their Uber expensive 380k homes. I wish that were our problems here!

Only in the deepest rural areas and small towns would 380k be considered uber expensive for a house. Even in normal midsize cities $1M is pretty common for an UMC house with good schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Predict rates above 10% before it drops. You heard it here. Inflation is not tackled by any stretch of the imagination.

+1. Look at the news, folks -- inflation is still crazy, and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

Only on Fox News. Annual inflation rates as follows:
2024 - 3.5%
2023 - 3.4%
2022 - 6.5%
2021 - 7%
2020 - 1.4%
2019 - 2.3%

The Fed has done a good job of easing inflation without having to raise rates again. Your argument that because they didn't cut "as predicted" somehow means that rates must increase illustrates a total lack of understanding of monetary policy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Predict rates above 10% before it drops. You heard it here. Inflation is not tackled by any stretch of the imagination.

+1. Look at the news, folks -- inflation is still crazy, and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

Only on Fox News. Annual inflation rates as follows:
2024 - 3.5%
2023 - 3.4%
2022 - 6.5%
2021 - 7%
2020 - 1.4%
2019 - 2.3%

The Fed has done a good job of easing inflation without having to raise rates again. Your argument that because they didn't cut "as predicted" somehow means that rates must increase illustrates a total lack of understanding of monetary policy.

Yeah exactly, although inflation is above the Fed's target, it has come down significantly from 2021 and 2022, and is not that much higher than their target. Shows that the rate increases are working but may take longer to get it back to the 2% range, since anyway there is a time lag between rate increases and inflation actually falling.

[Anonymous]

Anonymous wrote:
+1. Look at the news, folks

-1. Look at the facts, folks.

Anonymous wrote: -- inflation is still crazy

The United States inflation rate? The United States... of America?

U.S. Bureau of Labor Statistics:



Not "still crazy". Not great... but definitely not "still crazy".

and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

?

Have you considered getting your information from reputable sources rather than entertainment programs designed to provoke emotion?

[Anonymous]

Anonymous wrote:

Anonymous wrote:
+1. Look at the news, folks

-1. Look at the facts, folks.

Anonymous wrote: -- inflation is still crazy

The United States inflation rate? The United States... of America?

U.S. Bureau of Labor Statistics:



Not "still crazy". Not great... but definitely not "still crazy".

and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

?

Have you considered getting your information from reputable sources rather than entertainment programs designed to provoke emotion?

When I see posts like yours I wonder if it's some kind of Biden Administration "disinformation SWAT" team deployed to combat online messaging that isn't favoring Biden. There is something too familiar and persistent in your message style. Someone took the time and effort to neatly frame it by dissembling the items one by one to spin them differently.

Inflation may have come down but what you blatantly ignore:

1) most people are getting year to year COLA increases *below* inflation. Again. And again. I work for a major F200 and everyone received a 2.5% increase. Which is below inflation. And the same happened last year. And the year before that. The cumulative effect is that most people's *real income* has declined.

2) inflation is still much higher even with the come down compared to pre 2020 when it barely increased year to year. We had *real income gains* in the teens pre COVID and Biden.

3) official inflation statistics *do not include rent and food*. Which is a lulz moment. Housing is vastly more expensive now than it was in 2019. Monthly expenditures on housing and food is highest it's ever been and that's with real income declines.

4) last but not least, in your "disinformation" post you blatantly ignore (your own misinformation, eh!) that we were expecting up to six rate cuts this year and now that is most definitely not happening. This is serious.

There you have it in a nutshell.

[Anonymous]

^^ This person has it right. Inflation is turning out to be very persistent, and there is a distinct possibility that it may remain constant at about 3.5% or even go back up in the absence of rate increases. So acting as though inflation is under control and that mortgage rates won't go up further is choosing blissful ignorance over reality.

BTW, I am a democrat who voted for Biden and will do so again, and I don't watch Fox news.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
+1. Look at the news, folks

-1. Look at the facts, folks.

Anonymous wrote: -- inflation is still crazy

The United States inflation rate? The United States... of America?

U.S. Bureau of Labor Statistics:



Not "still crazy". Not great... but definitely not "still crazy".

and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

?

Have you considered getting your information from reputable sources rather than entertainment programs designed to provoke emotion?

When I see posts like yours I wonder if it's some kind of Biden Administration "disinformation SWAT" team deployed to combat online messaging that isn't favoring Biden. There is something too familiar and persistent in your message style. Someone took the time and effort to neatly frame it by dissembling the items one by one to spin them differently.

Inflation may have come down but what you blatantly ignore:

1) most people are getting year to year COLA increases *below* inflation. Again. And again. I work for a major F200 and everyone received a 2.5% increase. Which is below inflation. And the same happened last year. And the year before that. The cumulative effect is that most people's *real income* has declined.

2) inflation is still much higher even with the come down compared to pre 2020 when it barely increased year to year. We had *real income gains* in the teens pre COVID and Biden.

3) official inflation statistics *do not include rent and food*. Which is a lulz moment. Housing is vastly more expensive now than it was in 2019. Monthly expenditures on housing and food is highest it's ever been and that's with real income declines.

4) last but not least, in your "disinformation" post you blatantly ignore (your own misinformation, eh!) that we were expecting up to six rate cuts this year and now that is most definitely not happening. This is serious.

There you have it in a nutshell.

You guessed it Watch-The-News. I'm totally a government operative. That is some impressive detective work. Your paranoia serves you well.

Watch-The-News is sounding so reasonable its hard to believe anyone would question his/her macroeconomic acumen.

[Anonymous]

Anonymous wrote:Seriously do you all think rates will go down? What about by July? What would people get if they locked in tomorrow?

Rates will NOT come down.

[Anonymous]

It's really strange to claim that only Fox News is saying that inflation is still a problem:

https://www.nytimes.com/2024/04/29/us/politics/fed-inflation-deficit.html

https://www.nytimes.com/2024/04/26/business/inflation-fed-rates.html

https://www.cnbc.com/2024/04/25/slowing-growth-plus-stubborn-inflation-add-up-to-a-headache-for-fed-officials.html

https://www.cnn.com/2024/04/10/economy/cpi-consumer-price-index-inflation-march/index.html

https://www.bloomberg.com/news/articles/2024-04-17/inflation-s-stubborn-start-to-2024-blamed-partly-on-powell-pivot

[Anonymous]

Anonymous wrote:

Anonymous wrote:Predict rates above 10% before it drops. You heard it here. Inflation is not tackled by any stretch of the imagination.

+1. Look at the news, folks -- inflation is still crazy, and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

No, no, no! This inflation is transitory! You can't come on DCUM with these partisan Trump MAGA talking points! Everything is fine, never been better. Stop saying this or I won't be able to get abortions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Predict rates above 10% before it drops. You heard it here. Inflation is not tackled by any stretch of the imagination.

+1. Look at the news, folks -- inflation is still crazy, and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.

Only on Fox News. Annual inflation rates as follows:
2024 - 3.5%
2023 - 3.4%
2022 - 6.5%
2021 - 7%
2020 - 1.4%
2019 - 2.3%

The Fed has done a good job of easing inflation without having to raise rates again. Your argument that because they didn't cut "as predicted" somehow means that rates must increase illustrates a total lack of understanding of monetary policy.

Yeah exactly, although inflation is above the Fed's target, it has come down significantly from 2021 and 2022, and is not that much higher than their target. Shows that the rate increases are working but may take longer to get it back to the 2% range, since anyway there is a time lag between rate increases and inflation actually falling.

Voters should vote for the rate, I am ok with 4% if they drop rates to make mortgages a more reasonable 3-4% on the 30 year