Why Fed Rate Cuts Aren’t Making Mortgages Cheaper

[@_TheDeanMachine]

Get corporations out of home ownership

[@SnowBalling]

Corporations are only a small part of the problem. Fix zoning laws, subsidize new housing development to increase supply, and house values will come back down to earth.

[@mr.castle]

​@@SnowBalling Accurate too, but there's no incentive to do this while corporate is still deep in residential real state.

[@AK255.]

Nah its just your entitled loser

[@markmilitant]

@@SnowBallingsite your source

[@zzzT.]

24% cash buying rate means the very well off are buying houses right now 🤠

[@jeremiahm1413]

Remember how we were told ALL YEAR "once the Fed starts trimming rates, mortgage rates will go down!!!" - yeah...about that.

[@Jaigarful]

Yeah I bought my first place last year, kept getting told to wait because it would go down. There's no way its ever that low ever again, and if it ever dips below 4% again, the FOMO will be huge and the market will be so insane that you won't be able to find a place.

[@mdog6726]

“Transitory” 😂😂😂

[@samsonsoturian6013]

It's a mathematical fact they will

[@jonathantaylor6926]

@@samsonsoturian6013 Lol no its not.

[@gonnabehappy]

Nah, you don't understand how market rate works ​@@samsonsoturian6013

[@jonathantaylor6926]

Home's don't FEEL unaffordable... they ARE unaffordable. This is what happens when a feckless Central Bank prints and buys trillions of dollars of government debt to artificially drive down interest rates. The entire RE market got repriced when you could get a 30 year mortgage for 2.85%. Of course mortgage rates are going up- investors aren't stupid and they are legitimately worried about future inflation and don't want to get paid back in confetti. Longer dated debt, 10+ years could care less about the FED's stupid Federal Funds Rate.. that is 24 hour debt with zero duration risk. Longterm and short-term debt are entirely different markets. Mortgage rates are going higher.

[@kbrizy7490]

Because companies are banking on us being used to the high prices.

[@B126USMC]

That's right. The 'powers' control our lives. They decided to create 'covid' as a 'smokescreen' to jack up the prices of everything. They blame it on 'inflation' that THEY created. About every decade they pull off the same 'BS'......

[@GalaxyTabFamily]

We’re focusing on the wrong things… House prices are too high! If those came down by 30%, I won’t care what the Mortgage rate percent is

[@AChillin01R]

Exactly. That is how it was in the 80s. That is why baby boomers were able to buy homes in a crazy amount even though rates were around 10%.

[@fixerdrew02]

🤓 akkuuuallly homes are an InVeSTmeNT /s Get hedge funds and people with multiple homes tf away from the SFH market. It should never be considered an investment

[@AChillin01R]

@@fixerdrew02 Exactly.

[@bepriceless]

It's called greed. Rich people would rather destroy their own country rather than asking for a realistic amount, then they go to war against homeless people. It makes no sense.

[@ajr993]

No this is over simplistic garbage. It's called supply and demand as explained in the video. It's a lot more nuanced then just greed, it's a complicated market that gets influenced by the fed. Did you even watch the video?

[@optick3554]

Right. Because patriotism doesn't exist for the rich. It's just how they organize the rest of us.

[@SnowBalling]

Where the greed comes in is the zoning laws. The houses are worth whatever people will pay, but they block new housing development with zoning laws to keep house values high.

[@lakeguy65616]

based on your comment, you have zero understanding of economics. Mortgage rates are high(er) because they are competing for savers' dollars with consumers, businesses, state and local governments, and.... the Federal government. In case I'm not being clear, the Federal government is crowding out all the other borrowers from the credit marketplace. If the Treasury borrowed less, more dollars would be available to fund mortgages (at lower interest rates).

[@josha.bdoge2]

@@SnowBalling You've seen the first chart presented on this video; What is the point of making more houses if people can't afford to buy them??? From 2021 to 2024 you're literally paying four times more in interest than you would have paid 3 years prior. THIS IS GREED plan and simple!~

[@technicholy1299]

It's because we are getting screwed by crooks.

[@samsonsoturian6013]

Only you

[@heyaswinp]

Rates are not a problem. Mortgages should cost something, the issue mainly is the home prices.

[@samsonsoturian6013]

They're virtually the same price they were in 2021. On a 30 year mortgage at current rates you will spend more on interest than on house, and that appears to make houses more expensive

[@jonathantaylor6926]

Rates should be 10% with no more than a 15 year term... but na, the last thing the system wants is a bunch of debt free 40 year olds with a paid off house and a MBS market where you could make 7% risk free. No they want us all to be debt slaves and forced to invest in the stock market to see any kind of yield.

[@jonb740]

Excepts for prices don't come down.

[@dunggg]

@@jonb740 it starting to come down in big cities where people overpaid. This is true to places where you have military presence when they are forced to moved. Force movers will face reality soon.

[@samsonsoturian6013]

@jonb740 they can and have gone down, it's just not likely due to inflation and rising population density

[@everybodystaycalm5090]

Between corporations buying houses and home builders controling the supply to keep the prices high. The average buyer gets priced out and risks more on a higher interest rate in order to buy a house.

[@AKT0B0S]

BUILD. MORE. HOMES.

[@AChillin01R]

Building homes will not fix the problem. Not at the rate business are buying up homes away from the average person. People are buying homes not to live anymore. They are buying them for investment and then selling it. It is no longer I buy a home and this is my home for YEARS.

[@AK255.]

Ya why don't u got start building some lazy

[@gavinw197]

what do you think people are doing? they can't find a house so they pay to build one. that also costs money, back in the day men used to build their owns homes on free land.

[@AKT0B0S]

@ you’re an idiot. Do you not realize how undersupplied we are? Build 10 million new housing units and this problem vanishes.

[@DonJulio4649]

@@AChillin01Ryup. Corporations are buying up houses more than ever now. There’s even stocks average people can invest in for these companies making it worse. It’s almost like there needs to be regulations in place to prevent stuff like this happening by not allowing corporations to come into real estate for better good of America. But as soon as you say that you got brainless people screaming commi or socialist who don’t even know what it truly means but just love the word.

[@itsa11good23]

I think it’s going to be a long time before I can even find myself in a situation to buy a home. When they lowered interest rates, they exacerbated the problem we’ve had in this country, which is continually not building housing to keep up with demand since 2008. Homes overpriced. They’re probably not gonna go down. The average wage is not kept up with that and interest rates are high even if you lower interest rates you still have the fundamental problem of people don’t want to move out of there current interest rate and wages have not been able to keep up with the insane price increase housing has seen.

[@ddc2343d]

I feel fortunate. I locked in at 2.75 but by the time my mortgage close it was 2.9. I'd be paying over $1000 more a month if I had to do it today.

[@kittymogulco]

Wow. That is a very good deal in this economy 👍

[@Shaojeemy]

Yup all my friends sitting at 2-3% said they are dying with that house 😂

[@pheasantnoetic7075]

thats the thing. I see in comments of similar posts/videos of people blaming others for "not living within their means and work harder" but the truth is a lot of those commenters absolutely could not buy their house in today's economy (even just a few years ago!). It has gotten exponentially harder/worse **not saying you're one of those people btw.

[@pheasantnoetic7075]

@@Shaojeemy with the way things are going, a lot of us gonna be dying in other peoples' houses ..

[@samsonsoturian6013]

A lot of people took too much advantage of that and now are bankrupt or stuck working jobs they hate

[@thedman05]

This is a supply side issue that is being exacerbated by both individual and corporate greed. You can’t have affordable housing when you have a bunch of corporations buying up large swaths of affordable homes and outbidding single buyers. That just makes a bad issue worse because we already have an issue with individual investors owning 10, 20+ properties and becoming rent seekers. Pair that with an environment where existing home owners do everything they can to prevent new construction of homes to protect their home values and you have an environment with high rates and incredibly limited supply, ridiculous housing prices, and an environment with incredibly low mobility

[@SnowBalling]

Zoning laws blocking new housing development is the big issue. If there's enough supply, it won't make sense for corporations to keep buying.

[@AChillin01R]

@@SnowBalling Even with more supply they will keep buying and buying and out bidding the average joe every time.

[@chadxlr3978]

Corporate greed😂 my guy everyone is greedy look at the home sellers who refuse to sell their tiny box homes for under 500k

[@AChillin01R]

@@chadxlr3978 True but the Corporations are the ones buying those homes not the average joe.

[@samsonsoturian6013]

Liars get scalped

[@jrho8033]

The simplest solution is to BUILD more DENSE housing preferably near public transit. And put a stop to Corporate landlords. It won't solve the whole housing crisis, but it very much will help address it.

[@samsonsoturian6013]

Both will go bankrupt immediately. I bet the lives of everyone on this thread

[@samsonsoturian6013]

This id10t thinks the average landlord is a megacorp

[@rathelmmc3194]

People don’t want that, and you see it in the birthrates.

[@notabot1798]

“Normal economic conditions” lol

[@MaxVids1]

Ugh, $1,373 a month vs $2,222 hurts a lot.

[@TomNook.]

Its hard to compete with BlackRock buying up houses

[@rebeltheharem7028]

Long term risk combined with high demand. Higher long term inflation risk demands higher rates. And then higher demand for mortgages require higher rates. And lower money supply also requires higher rates as well (if all the money is being loaned out via credit cards and other debt, there's naturally less money for conventional mortgages).

[@straysheep5312]

I've always said home buying should only be allowed by American people and not by corporations (real estate businesses) because corps are only looking to make profit from real estate. An average American is maybe looking to sell the home to buy a bigger home and for the few that have the wealth to own multiple homes, at least other Americans have a better chance competing with them vs the real estate businesses within the home market. But I think it starts with corporations being protected by the Equal Protection Clause in the 14th amendment which states "corporations are people" and should have individual rights like a person. Remove this clause on corporations, and make home buying exclusive to individual Americans, ONLY THEN will the home market go back to being normal.

[@Hans-gb4mv]

Who says that will lower prices? Companies that build a lot of houses to sell the houses can get much cheaper prices for building materials than you, as an individual, can ever get. That's where a big part of their profit margin sits.

[@jonathantaylor6926]

So there would be no rentals at all?

[@reyesarg]

Greedy real estate agents don't help my cause for purchasing my first home. Their commission should be 1% on both sides. If the fed drops interest rates to 1 percent then corporations would borrow so much money they would buy as much as they could. Maybe the fed should lower interest rates to 1 percent for first time home buyers.

[@lakeguy65616]

essentially, the only interest rate the Fed actually controls is the Fed Funds rate which is the overnight lending rate between federally insured banks. The Fed doesn't control interest rates but it influences them to a small degree.

[@sacrugby1]

The buyer doesn't pay the commission.

[@AChillin01R]

@@sacrugby1 But now they can with the law that passed.

[@raymonddamm3214]

@@sacrugby1 Where do you think the money comes from? Just like credit card processing fees, its always the buyer footing the bill.

[@bboyizzy]

Realestate agents have nothing to do with affordability.

[@albertethan7093]

$80k every 4 weeks! I now have a good house and can now afford anything and also support my family😎

[@RyanClarence654]

Huge, how did you achieve such biweekly returns? I'm a newbie and I've lost a lot of money investing on my own. Please how do I go about it, the year is almost coming to an end, how can I make profit?

[@BrianKingy]

Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@MuratAydin-un5tu]

As a beginner, it is essential that you have a mentor to help you stay accountable. In my case, Miss Luara Clarence has guided me for years and I highly recommend her. I focus on her. To be honest, I'm almost hesitant to let someone take charge of growing my finances, but I'm so glad I did.

[@Michaelsaylor22223]

Wow Wow her too Miss Luara Clarence is a remarkable individual whom has brought immense positivity and inspiration into my life.

[@ALBERTAaron-zt2xy]

The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

[@nathanluker9889]

American dream is dead for middle class workers.

[@aaronx375]

So in other words, we’re screwed?

[@StevenKohman]

You don’t say! Tell me something I don’t know Buster.

[@rathelmmc3194]

For now. The current situation is untenable.

[@vladimirofsvalbard9477]

Because the private market and investors KNOW that CPI-inflation is bs. It is reflected in the treasury note markets, which directly affect mortgage rates.

[@sheabilladeau1392]

I feel slightly bad, only slightly, for those that overextended their finances to purchase in the last two years, buying into the statement that they could refinance when rates inevitably went down. Don't trust MSM or real estate agents who have a direct incentive to sell you a home. Your interests are not aligned. Be informed and make smart, safe, decisions. I am so glad I didn't overextend to purchase a home at a stupid high price. Inflation has made too many things too expensive and you have to be ready for a rainy day, or month, or year.

[@philipfortygin7660]

Wait, can someone who understands this explain this to me? At 6:15 they said that the fed buying mortgage backed securities lowered the mortgage interest rates... wouldn't that do the opposite? Wouldnt that create more demand for mortgage backed securities in turn raising the mortgage interest rates? Did the creators of this video make a mistake? How would it lower the mortgage rates? Please help. Thank you.

[@mikebostic9518]

Need more housing. That would be a start.

[@kkadam96]

26% cash buyers are not necessarily coming from corporate firms. Californian's are selling their million dollar homes and relocating with their proceeds to buy cheaper in other states. I live in Texas, and about 80% of the residents in my community relocated to the state in the past years.

[@richiestarks6163]

BINGO! I live in Florida and we see the same scenario. I see a good amount of California and New York state arriving everyday. They are paying cash for their homes and plus more.

[@AnnistonMahaffy]

Don’t worry. The elites are on watch. It might take a while. But eventually you’ll get people like Luigi Mangioni

[@patrickpowell601]

Didn’t they just cut interest rates a few months ago. Shouldn’t we wait a little to see the changes start kicking in

[@AChillin01R]

It will change very little.

[@jonathantaylor6926]

It changes instantly. The 10 year up 10 basis points today which is a significant move. You will see higher mortgage rates by the end of the week.

[@thisfoxgames]

The damage has been done, nobody is going to lower the asking price on their home. Half a million for what can be considered a started home is ridiculous.

[@darinherrick9224]

Someone who actually wants to sell it will.

[@user-ms3ko5gn8e]

Record high house prices make it impossible for first time home buyers. Everything has gone up besides average people's wages!

[@samsonsoturian6013]

Liar

[@steven8628]

People dont understand fed fund rate is still 4.25%, which is 400bps higher than rates of 0.25% from 2020. To get back to 2-3% mortgage rate, you need fed funds to drop back to 0-0.25%. Mortgage rates are already off its high based off 100bps rate cut so clearly it is working

[@sasstewart1222]

The beautiful thing that the US does well, is the availability of the 30 year fixed. (vs many countries that typically only offer ARM's)

[@AChillin01R]

ARMs played a big part in the housing bubble crash.

[@Diverse0725]

Translation: because of greed, we're not gonna be changing the interest rates on mortgages anytime soon, so why not get an ARM instead? Maybe that will help 🤷🏿‍♂️ I'll pass

[@tylertass9983]

Let individuals borrow from the Fed at the same rates as the big banks.

[@pearsonhsmith]

Housing prices never go down, they always go up. Now is always the best time to buy a home. In this political landscape, regulators won't do anything sensible and it'll take ages to get regulations passed so it's up to wages to go up. The best thing an individual can do is find a job that pays more or ask for a raise. That's makes the job market competitive for talent, hence raising wages. If you work under a union, bring up the cost of living when negotiating contracts.

[@TG-qr6kd]

That was so dumb my brain hurts now

[@blazejon]

QE was always a huge unknown when these programs started more than 10 years ago. There's always hind sight "I wish I bought more house," but in the end I think it's a good thing that the real risks of buying a home are more apparent and less subsidized by the Fed. This is reality...

[@OneDullMan]

Whatever the Fed rate is the mortgage rate will always be a couple points higher. If the current Fed rate is between 4 and 5 percent, then there is no way that mortgage rates can be less than 4 %.

[@TheAvtrey]

Making housing an investable asset... what could go wrong?

[@bnwo]

3:55 Weaker economic data means the buyers who can't buy now because they are looking for more affordability are in an even more precarious financial position, so how does that help people who already can't get into a home?

[@JuanDiazSilvermyst]

None of this matters if corporations out bet the sales and turn them into rental units.

[@mikebostic9518]

High rates from the fed haven't helped but so is the lack of affordable housing.

[@samsonsoturian6013]

So what? If you had the money I'm sure your landlord will sell to you

[@JohnAdams-vd5dc]

Simple. It's corporate greed.

[@ajr993]

No this is over simplistic garbage. It's supply and demand nuances as explained in the video which you didn't seem to watch. You probably left this comment at 0:01

[@sportsfan1717]

"Corporate greed" or "President I don't like" is actually not the answer to all economic issues like the majority of Americans believe.

[@staticpurge]

I wouldn’t say it’s so simple, home buyers are directly at fault for over paying, getting into bidding wars, etc back when rates where below 3%. Now so many people locked in at low rates (and who spent serious sums of money) aren’t selling, interest rates are higher, housing supply is limited so prices have remained high. It’s tough to get a homeowner who got into a bidding war and spent 100+k over what a typical house was in 2020, to sell at a lower cost all while losing that sweet interest rate.

[@byronbuck1762]

Corporate buyers are 5% of the market, so no. It’s supply and demand. We have under built housing for thirty years.

[@rickhayes-oh2zm]

they are going up. look up inflation

[@arodriguez2707]

This reporting is totally disingenuous, mtg rates going up didn't make housing unaffordable, it was mtg rates going so low for 12yrs that made housing unaffordable.

[@samsonsoturian6013]

Not really. I guess people were use to buying bigger houses because they could afford the loan, but in this case the cost of housing isn't the problem it's the cost to borrow

[@ThexBorg]

Look at how expensive mortgages are in Australia… we don’t have 30 year mortgages like the US.

[@EatMyStarfish]

26% paid in cash!

[@Jecoopster]

Yeah that’s nuts!

[@Eddy-ov4tx]

Rich buying homes in full cash at all time high, hence why there is such low supply. We can solve this problem by taxing those who wealthy enough to buy homes with full cash. Dare I utter those words... THIS WILL STOP THE BS RICH FROM BUYING UP ALL OF THE SUPPLY

[@jonathantaylor6926]

I think thats mostly boomers moving out of high priced regions and getting a million dollars for some dump they paid $174,000 35 years ago. They then move to a cheaper area and pay cash for a 500K home.

[@zacktastick8]

Let’s be real it’s because real estate developers & people who buy real estate are greedy & will always want more than they paid. Doing so for decades will balloon the price to where the raw materials to build a house & even labor are significantly lower than what they inevitably ask for it.

[@AChillin01R]

Especially for homes that have not even been upgraded. lol

[@Galworld761]

This does not immediately impact your mortgage rate. Your mortgage rate is the cost to borrow. Low mortgage rates increase home prices.

[@MrNiceGuy500]

Boomers screwed our following generations-millennials, gen z, possibly gen alpha. And boomers are still like “I’d like to speak to the manager”

[@byronbuck1762]

Bull. I paid 17.5% on a second mortgage in 1981 to buy my first house. Quit whining

[@Dangic23]

The houses being built will not last 30 years.

[@mikeshafer]

Nobody cares about the mortgage rate. It’s the PRICES of the houses that scare me.

[@samsonsoturian6013]

Watch the video you id10t. With current rates a 30 year mortgage will cost more in interest than in house. Housing values aren't up, in fact in select places they are down because few can afford the monthly payments and extra down payment.

[@utah2nyc250]

I see you are not too smart 😂😂😂 imagining paying 2500 mortgage and 1700 goes to interest

[@marzv888]

Rate cutting cycle is not doing anything.

[@ddude27]

I'd like to know where Jordan Jackson is getting the stat that 8 years is the average maturity of a mortgage in USA. I call straight up BS on that and can only assume a ton of people keep refinancing to stay a float considering how entreched USA is debt.

[@CNMBTLJN]

He didn’t say 8 years for maturity. He said people pay off their mortgage in about rights usually due to selling the home and moving/buying something else or going to rent.

[@donnamack6797]

It's not really the rates. My first mortgage was 9.38%, but on a much less expensive home. I did a lot of research 4 years ago and got 2.97%. My house value has doubled since then. And that would be a killer for any buyer.

[@samsonsoturian6013]

The house has probably fallen in value since you checked. At near zero interest there's a lot of speculative bubbles and houses in your neighborhood might have sold for ridiculous values but that doesn't mean you could find any buyer now

[@alphaomega1351]

Get banks 🏦 out of the middle of everything. Prices are based on whatever amount they loan. 🤓

[@tbd6963]

IM SO TIRED of all the focus on interest rates! New houses are built poorly, in the wrong places, and not what the average person is looking for…therefore inflating prices.

[@gastronomistmd5078]

It’s is BLISS for investors and over seas investors!!! Hurray corporate American 🇺🇸….. .

[@lt3074]

Greed, period! House prices are super inflated.

[@vladimirofsvalbard9477]

I'm afraid not, it's what happens when you print $7 Trillion dollars. A lot of people bought up new homes and additional homes in 2020-2022. Those people are locked in and demand is massively pent up for Gen Z buyers. The housing market will explode again in 2025 even if rates dip a little bit.

[@byronbuck1762]

No, it’s called the free market. Nobody is going to sell a home for less than it is worth and buyers don’t want to pay more than they have to.

[@brianhill8974]

Feel unaffordable?😂😂😂 How about are unaffordable for average people

[@desiv1170]

Homes are overpriced. We build too many HUGE homes. We don't have enough new homes. Zoning/NIMBY problems. Too much private equity in homes. Professionals: The problem is high mortgage rates!!!! .... er... No... While lower rates would be nice, if there were more affordable homes, fluctuating rates (as they always do) would be just something to be aware of, as they historically are. 3% was abnormally low. 18% was abnormally high. 6%-7%? That is not the problem with the housing market.

[@AnshMeta-j7r]

Banks are selling mortgages. People always say it's a good option to buy at discount, but with the market turmoil and everything at stake in present economy, I'm thinking of buying stable coin to hedge against inflation, or is it all right saving over 350k ?

[@Fahima9Tazin]

There are options that spread across multiple banks. I use a non-beginner broker that protest up to 3 million dollars and provide 4.58% returns on cash, it's always a good idea to consider working with an advisor for financial planning

[@JohnMatthew-hq3xs]

Agreed, financial advisors play a key role in portfolio allocation and i've been using one since late 2019 just before rona outbreak. So far, I'm barely 25% short of $1m ballpark goal after subsequent investments.

[@SallyW414]

Please excuse my curiosity, would you mind sharing more info on your advisor? I’m in dire need of guidance

[@JohnMatthew-hq3xs]

Finding financial advisors like Vivian Jean Wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@JohnMatthew-hq3xs]

Credits goes to Vivian Jean Wilhelm one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@danielscherman1065]

I wish we had 7% morgage rates in South Africa. We are currently at 11.25%. It was 11.75 when we purchased earlier this year.

[@FireyCam]

Powell is the grinch for Christmas. He made the stock market go red!!!

[@R281]

Supply and demand. There is greed though. Many people and corporations buy more than one single family dwelling to rent out. Just build more homes and prices will come down, well unless you allow millions of people into the country or there's an explosion in population.

[@MrGoalie2012]

ARMs shouldnt even be a thing, nor should my loan be adjusted or redone to then become an ARM, all home loans should be LOCKED at whatever the rate is, and the rate should be LOCKED so low that the average homeowner shouldn't have to be locked into a 30 year ball and chain.

[@Dshzzzt]

Consumers don’t “get” mortgages, they GIVE them. They get a mortgage LOAN.

[@cvrart]

Simply, the US has too much debt - as a percent of GDP - and there is little appetite for foreign nations to buy as much long duration debt, like 20- and 30-year treasuries. The rates of 30-year fixed mortgages are determined by the rate of the 30-year treasury, with some premium added for delinquency and default risk for lenders. The Fed has no control over the long duration treasury rates. In fact, aggressively lowering the overnight rate, if it stimulates the economy too much and feeds inflation expectations, could even drive 30-year rates higher. It also doesn't help that the global economy is depressed, so foreign nations have less capacity to buy US treasuries, and also weaponizing US treasuries, as was done with seizing Russia's US-held foreign reserves, doesn't inspire China to want to buy more, particularly if there at some point a conflict over Taiwan. In fact, China has been dumping US treasuries. The US government needs to gets is finances in order, and also reestablish a non-political posture with US treasuries, guaranteeing that no action be taken against foreign holdings even in times of war and for nations who the US may sanction in other respects.

[@BASvist]

Man wish I managed to grab (euro) mortgage with rate 0,99% for 10 years or 1,39% for 20 years in 2022 - would be almost for free compared to my (still great) 3% for 5 years lock in rate.

[@sacrugby1]

Motgages are not based off the 10 year Treasury Note. Mortgages are bases off Mortgage Backed Securities which teade on the open mkt.

[@samsonsoturian6013]

You're mixed up. Traders buy those for the relevant T-bill rate plus a suitable risk premium. Everything is priced of t-bills one way or another

[@jonathantaylor6926]

Which are highly correlated to the 10 year.. the MBS market pays very close attention to government bonds as they are a risk free alternative to mortgage lending. When the 10 year goes up mortgage rates go up.

[@TG-qr6kd]

No you are wrong

[@tranger4579]

Interest rates shou have never gone below 5 percent. You reap what you sow yes they may have purchased at 2 percent but a house sold at an overinflated price. Enjoy the higher insurance and property tax.

[@chrismayberry8798]

Bankers are telling the government what to do… when did they become more powerful than the government…. 😅

[@token4774]

The housing market will collapse in areas where homeowner's insurance is becoming unavailable or unaffordable. Do not own real estate in an areas that are prone to hurricanes or wildfires.

[@UrquidezFamily]

Just so Americans know, other countries interest rates are way cheaper. Spain for example are 2%.

[@Matador4_]

Is there any possible way to remove pmi with an fha loan?

[@damonkatos4271]

The US has about $10 trillion in short term bonds/notes coming due next year. Just wait for higher interest rates.

[@ken2win671]

If the billionaires have all the money & the government is taking all the money what’s left for the ppl 🤔

[@ML-lg4ky]

I wonder which generation has created all these horrible realities for younger generations….

[@hourbee5535]

Price caps now!

[@hyakushiki23]

Good topic

[@ei15870031]

corporate shills

[@tylermarsh5130]

Quite honestly. Once a lot of people are deported and the borders are closed. That might help a lot

[@vladimirofsvalbard9477]

How? Low supply of housing, low rates, and $7Trillion in new dollars creating a big price increase in real-estate. As far as labor goes, it will probably do the opposite as many base-line items get more expensive. Food and labor prices will rise and inflation will skyrocket again.

[@tylermarsh5130]

@@vladimirofsvalbard9477 supply and demand, "low supply of housing" because of all of the illegals invading. they leave, housing prices fall and along with mortgage rates. Spring field ohio is a great case study to make an example out of. on a smaller scale of course.

[@justSTUMBLEDupon]

The answer is simple: The federal government is spending trillions of dollars of money it doesn’t have. The bond market says that’s a risk and rates are up, and trending higher. They want to blame tariff threats but it was going up before Trump looked like he was going to win. This only goes one way: recession. That’s when rates will go down.

[@AChillin01R]

hate to say it but you are right. We need another housing bubble to crash to lower prices once again. If not they will just keep going up. I'm a home owner and I even ok with this. House prices should have never climb this high and at this rate.

[@fordresurrectionest9556]

Gov spending is out of control. As of 2024, US debt is $36.1 trillion and climbing. 😢

[@mrxiong2567]

Because home prices are too damn high

[@upforanadventure3039]

Simple. Bidenomics.

[@sagebreeze]

Go tiny, go off grid, or go both.

[@emmany5302]

Inflation and the need to finance the enormous US deficit will keep interest rates higher for longer.

[@b195-l5s]

Banks are greedy

[@aaronalquiza9680]

0:01 Meanwhile in Canada.... lol

[@mathewmcfool]

Haven't watched the video, but will. My guess is (short) supply and (high) demand, according to prior CNBC videos that explained this 🤷‍♂

[@ILoveTinfoilHats]

🤯

[@mikeshafer]

Force large corporations, REITs and foreigners to sell their homes in the US.

[@wn3408]

Mortgage is financial slavery. RENT. RENT. RENT. PERIOD

[@tritruong6111]

Fed will fold. Mark my word

[@MeuMei-z7y]

TODAY MARKET SOLD 1 TRILLION PLUS 🤕🤕🤕

[@darkacefsu]

You can't lower the rates. If you do, people will start overbidding on housing, raising the prices of houses.

[@pheasantnoetic7075]

and you cant raise rates. if you do, people won't want to sell, raising the prices of houses. either way, we dont don't come out on top of this.

[@marcelrodriguez2067]

Where i work in nyc people overbidding right now with 7%.

[@bboyizzy]

Mortgage rates aren't the worst part. It's property taxes, insurance rates, Hoa fees that make up 3/4 of your payment.

[@voteforPedro-l5g]

Thanks sleepy joe!!!

[@MuratAydin-un5tu]

$80k every 4 weeks! I now have a good house and can now afford anything and also support my family😎

[@ALBERTAaron-zt2xy]

Huge, how did you achieve such biweekly returns? I'm a newbie and I've lost a lot of money investing on my own. Please how do I go about it, the year is almost coming to an end, how can I make profit?

[@DorothyMichel-zp6gm]

Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@Jim-y5j]

As a beginner, it is essential that you have a mentor to help you stay accountable. In my case, Miss Luara Clarence has guided me for years and I highly recommend her. I focus on her. To be honest, I'm almost hesitant to let someone take charge of growing my finances, but I'm so glad I did.

[@anglemckinstry7745]

Wow Wow her too Miss Luara Clarence is a remarkable individual whom has brought immense positivity and inspiration into my life.

[@FrankMiller-gh8vh]

The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

[@awesomegmg956]

I have 2% mortgage. Likely I will live in my house until my death.

[@htconexify]

it went from a peak of 7.7 to 6.8. Fed cut around .75 so far. How has not made morgage cheaper lol.