There are three houses in my neighborhood that went up for sale months ago with no bites. 2yrs ago those same 3 houses wouldn't have been on the market for a week before they sold for more than asking.
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Housing market gonna take a dump in the next year?
- Thread starter Landslide
- Start date
Animalmother
Flexed cracker
So the feds say rate cuts are on the way. How much could they cut and how much would one want to see cut to make refi worth it? .25 .5 , 1 point?
east_beast
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They'll use the recently refined jobs report to justify a half point cut.
Thats a sign that they see trouble ahead.
Animalmother
Flexed cracker
Probaby but id take a lower rate if possible
rockota
white collar hillbilly
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just in time for elections....
ApeEater
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That's the real question. I'd love to get back to a 3% mortgage instead of the 5.5% I've got now.
Animalmother
Flexed cracker
That would be awesome but im doubtful we will ever see that again
ApeEater
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yeah, 5.5 to 3 would get me roughly $600 back every month.
Every time there is an economic emergency, they will bring interest rates way down and will toss money out of helicopters. You are thinking of a world in which there is restraint and responsibility. Which is not this one
