U.S. Mortgage Rates Top 7%, Highest in More Than 20 Years Rate for 30-year mortgages

[oldtimer28]

U.S. Mortgage Rates Top 7%, Highest in More Than 20 Years
Rate for 30-year mortgages hit 7.08%; a year ago it was just over 3%.


Serious question, do the left stand a chance at mid-terms or have people gone insane and would let the sabotage of the U.S continue?

[Off the Court]

The Fed is doing that (not the left) so that house prices and other things fall so that people can afford them. :facepalm

It's to fight inflation, and it is working, house prices are deflating.

Serious question, are you capable of looking deeper than "Biden bad" at anything?

[Doomsday Dallas]

U.S. Mortgage Rates Top 7%, Highest in More Than 20 Years
Rate for 30-year mortgages hit 7.08%; a year ago it was just over 3%.


Serious question, do the left stand a chance at mid-terms or have people gone insane and would let the sabotage of the U.S continue?


Funny thing is... I almost got locked in on a house at 3.5% last year... No way in hell am I doing 7%

missed opportunity, should've bought a home last year... I dropped the ball on that one.

[Patrick Chewing]

"At least it's not 8%! And look at all the new jobs being created!" - Off the Court

[HoopsNY]

The Fed is doing that (not the left) so that house prices and other things fall so that people can afford them. :facepalm

It's to fight inflation, and it is working, house prices are deflating.

Serious question, are you capable of looking deeper than "Biden bad" at anything?

But it was the left that advocated for unending spending during Covid. It was the GOP senators like McConnell and Ryan that wanted the banks to fail during the great recession, and questioned QE, saying that it would lead to hyperinflation way back in 2010, which is exactly what happened.

It was Bernie Sanders and Cory Booker that wanted $2,000 checks per month for people during Covid. Who wanted a continuation of $600 federal PUI, moratoriums on rents, and extended lockdowns?

I agree Republicans played a role, but that role had to happen. At least Republicans wanted limited stimulus packages. Dems wanted 5-10x the amounts sometimes that Republicans were calling for.

[BigKobeFan]

The Fed is doing that (not the left) so that house prices and other things fall so that people can afford them. :facepalm

It's to fight inflation, and it is working, house prices are deflating.

Serious question, are you capable of looking deeper than "Biden bad" at anything?

Thia guy is so stupid. The majority of people have as their house as the largest investment that they have. Imagine having lost 50% of the value and then claiming its a good thing.

But but but. Its to fight inflation. Recession good.

The smart ones have their mortgages locked in at 2.5% people like us would never sell in this market. The only thing this hurts is potential new buyers and renters. In this case. You

[Off the Court]

Thia guy is so stupid. The majority of people have as their house as the largest investment that they have. Imagine having lost 50% of the value and then claiming its a good thing.

But but but. Its to fight inflation. Recession good.

The smart ones have their mortgages locked in at 2.5% people like us would never sell in this market. The only thing this hurts is potential new buyers and renters. In this case. You

50% of the value!? :roll:

Well we know you don't own a house.

[Off the Court]

But it was the left that advocated for unending spending during Covid. It was the GOP senators like McConnell and Ryan that wanted the banks to fail during the great recession, and questioned QE, saying that it would lead to hyperinflation way back in 2010, which is exactly what happened.

It was Bernie Sanders and Cory Booker that wanted $2,000 checks per month for people during Covid. Who wanted a continuation of $600 federal PUI, moratoriums on rents, and extended lockdowns?

I agree Republicans played a role, but that role had to happen. At least Republicans wanted limited stimulus packages. Dems wanted 5-10x the amounts sometimes that Republicans were calling for.

Trump wanted to hand out the biggest stimulus of all. But people need to stop trying to pin it on a party. Both are guilty like you said.

The FED would be raising interest rates no matter who is in office right now.

[HoopsNY]

50% of the value!? :roll:

Well we know you don't own a house.

They're estimating 20%. Again, artificially pumping and then dumping the economy just exacerbates income inequality. Did you see the Frontline documentary about the Fed? They go into the 2008 recession and what QE did to the economy.

[HoopsNY]

Trump wanted to hand out the biggest stimulus of all. But people need to stop trying to pin it on a party. Both are guilty like you said.

The FED would be raising interest rates no matter who is in office right now.

Yea, the same with Bush. But they don't speak for the party as a whole. Again, there's only one party that wanted tighter economic policies while the other wanted an endless pit of printing and spending. At least that much can't be denied.

[Off the Court]

Yea, the same with Bush. But they don't speak for the party as a whole. Again, there's only one party that wanted tighter economic policies while the other wanted an endless pit of printing and spending. At least that much can't be denied.

Im trying to avoid being tribal but Rs do more spending than Ds. History has shown.

[HoopsNY]

I'm 36 and beginning to think the only salvation is Bitcoin. Is anyone buying at these prices?

[bladefd]

You fight inflation by raising interest rates. Do you morons not get that? I already know OP is a clueless partisan moron so I expect nothing less from him. That is why he is on my block list, and I don't bother to read any of his posts.

[bladefd]

Im trying to avoid being tribal but Rs do more spending than Ds. History has shown.

Yup. Rs tend to bark the loudest about bringing down spending, but when they are in power, they tend to spend more than Ds. That is why it is difficult to take the Republican politicians seriously.

[diamenz]

Yea, the same with Bush. But they don't speak for the party as a whole. Again, there's only one party that wanted tighter economic policies while the other wanted an endless pit of printing and spending. At least that much can't be denied.

that's all bullshit - it's theatre for tv and politics. dems and repubs were largely in agreement, especially when it came to that first 'relief' bill that threw 95% of the share to big $. we barely got a bite of the crust with those $1200 checks in comparison and we only got them because of the outrage there would have been without them. it's all a front. mcconnell & ryan were frontin' - political opportunists like the rest (pelosi & schumer). all members of the same club.
the only differences you'll see between the two parties in washington is culture war nonsense, not spending. you see it every day - jan 6th, trump's latest tweet, biden's latest gaffe, hunter's ten inch dick, race, gender - you name it. it keeps the media talking and the brainless dopes that watch it jumping from one foot to the next. come on man. the only real ideological 'spenders' are the bernie & aoc left and they have zero sway or power anyway.

[rmt]

Some revisionist history in this thread. The Dems passed $1.9 trillion American Rescue plan without a single Republican vote (unnecessary when we were coming out of the pandemic). And have you forgotten that Dems' Build Back Better was originally 3.5 trillion dollars? Thank God (and Manchin) that got scrapped but of course, resulted in the slimmed down "Inflation Reduction" Act.

[HoopsNY]

that's all bullshit - it's theatre for tv and politics. dems and repubs were largely in agreement, especially when it came to that first 'relief' bill that threw 95% of the share to big $. we barely got a bite of the crust with those $1200 checks in comparison and we only got them because of the outrage there would have been without them. it's all a front. mcconnell & ryan were frontin' - political opportunists like the rest (pelosi & schumer). all members of the same club.
the only differences you'll see between the two parties in washington is culture war nonsense, not spending. you see it every day - jan 6th, trump's latest tweet, biden's latest gaffe, hunter's ten inch dick, race, gender - you name it. it keeps the media talking and the brainless dopes that watch it jumping from one foot to the next. come on man. the only real ideological 'spenders' are the bernie & aoc left and they have zero sway or power anyway.

This isn't a fair assessment at all. We always hear, "the big corporations are always getting bailed out" without ever questioning what that actually means.

40% of Americans work at a large or very large company. So it makes sense as to why the government would seek to bail those corporations out.

But it's also not true that the government gave them the most money. The largest of the nearly $5T stimulus packages was given to Americans. $1.8T was given in stimulus checks, unemployment, SNAP, student loans, child tax credit expansions, etc. In fact, $1.5T alone was the PUI and stimulus checks.

Companies received $1.7T. Almost $835 billion was the Paycheck Protection Program (again, going to Americans). The rest of the nearly $900 billion was given across different sectors like airlines and restaurants, which got hit particularly hard.

Could it have been managed better? Absolutely. But Liberals always claim "they're bailing out the corporations and leaving main street hanging", when that isn't even true.

Look at the breakdown here.... https://www.nytimes.com/interactive/2022/03/11/us/how-covid-stimulus-money-was-spent.html

[bladefd]

Some revisionist history in this thread. The Dems passed $1.9 trillion American Rescue plan without a single Republican vote (unnecessary when we were coming out of the pandemic). And have you forgotten that Dems' Build Back Better was originally 3.5 trillion dollars? Thank God (and Manchin) that got scrapped but of course, resulted in the slimmed down "Inflation Reduction" Act.

Seems you have forgotten spending by previous presidencies like Bush and Reagan.

[diamenz]

This isn't a fair assessment at all. We always hear, "the big corporations are always getting bailed out" without ever questioning what that actually means.

40% of Americans work at a large or very large company. So it makes sense as to why the government would seek to bail those corporations out.

But it's also not true that the government gave them the most money. The largest of the nearly $5T stimulus packages was given to Americans. $1.8T was given in stimulus checks, unemployment, SNAP, student loans, child tax credit expansions, etc. In fact, $1.5T alone was the PUI and stimulus checks.

Companies received $1.7T. Almost $835 billion was the Paycheck Protection Program (again, going to Americans). The rest of the nearly $900 billion was given across different sectors like airlines and restaurants, which got hit particularly hard.

Could it have been managed better? Absolutely. But Liberals always claim "they're bailing out the corporations and leaving main street hanging", when that isn't even true.

Look at the breakdown here.... https://www.nytimes.com/interactive/2022/03/11/us/how-covid-stimulus-money-was-spent.html

alright... you link that and i'll link this (https://time.com/5845116/coronavirus-bailout-rich-richer/) and we can go back and forth all day about one thing or the other.

"but this, but that", yada yada.

you're missing the main takeaway of my post. big spending is bipartisan in the modern era, period. any nit picking between the two parties is asinine. you bring up the inflation reduction act i bring up $2 trillion in tax cuts, you go obama care, i go iraq war, blah blah blah. it's meaningless. it's bullshit. it's politics. red vs blue. my side good your side bad, etc.