Anonymous wrote:Why are people locking in 30 year rates if they can get a lower 5 year arm and refinance?

For me, because I don’t trust that rates are not going to get even higher.

Why are people locking in 30 year rates if they can get a lower 5 year arm and refinance?

Anonymous wrote:Most of my buyers getting 7-7.625 right now.

Some special programs for doctors or credit unions with ARM 6.375-6.75.

You are the only one who answered the OP! 👏

Most of my buyers getting 7-7.625 right now.

Some special programs for doctors or credit unions with ARM 6.375-6.75.

Anonymous wrote:

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.

The difference between you and me is that you're a partisan who got lost looking for the Political forum and I'm an intelligent person who knows the reality underneath all the partisan lies people tell themselves. Inflation has been stubborn and persistent for the last three-four years despite the hysterical shrieking from people like you it wasn't real, it was only transitory, and now, finally, it's nowhere "as bad." DCUM archives are littered with posts from people like you or similar so I know the tone At least there's some progress in your acceptance of what most of knew years ago while you were shouting from the top of your lungs inflation wasn't real. So forgive me (insincerely) when I don't take you seriously and think very lowly of people like you.

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

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.

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 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 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.

^^ 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 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 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 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 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.