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Political Discussion
Reply to "Trump Approval Polls"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]By the time of the midterms, Trump appointees to the Fed will have lowered interest rates by 100bps. That means mortgages will be in the high 4’s for prime borrowers. This will also stoke inflation, but it doesn’t happen that quickly. At the same time, people will be losing jobs all year. I find that people tend to vote according to their hopes and dreams, rather than their lived reality. [/quote] Prime borrowers? Lots of Americans are dipping into savings for groceries, utilities, car repair, etc. [/quote] You’ll be amazed at how many people will give him credit for “getting mortgage rates down”. That will be the messaging next fall. Those who are renting will think they now have a chance to buy, even though their down payments savings don’t keep up with price inflation. This is what I mean when I say people vote based upon “their dreams” and aspirations. They will blame their employer for their layoff, not Trump. It’s such an abusive relationship. [/quote] What difference does it make if the rates are down if you can't find a job?[/quote]
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