Who's in control? Will the Fed have the audacity to keep cutting? If it does, it looks like the bond market won't abide. Once again, the Fed appears to not know what it's doing.
Agreed 100%! I always hate when people say rates aren't bad historically. Which yes I agree they are lower than the double digits in the 80s and 90s but also the average home price then was a lot lot less. I also agree rates can't go back to the 2s like we saw a few years back but I think a 4 to 5 normal range is doable and we were there pre COVID. @@jonathantaylor6926
Since the FED cut 50 basis points the 10 year UST is up nearly 70 basis points... what if that happens.... again? We could be 2 FED cuts away from 10% mortgage rates if this continues.
@@jonathantaylor6926 that’s because the job numbers and CPI came in saying the economy was still great, so now Treasury buyers need to price in less cuts. Those cuts that happened were priced in in August…
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
If the housing market takes a hit, it might lead to reduced consumer spending and overall economic instability. I advice you consult with a professional about your investment portfolio to enable you to take advantage of the downturns.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market. My coach has helped me expand my portfolio by 200% over the past few months.
There are many independent advisors to choose from. But I work with Glen Howard Chester and we've been working together for almost four years and he's fantastic. You could check him if he meets your requirements. Just research the name. You’d find necessary details to work with
Lol yeah but look at the PRICES vs INCOMES.... when rates were 18% the sale price REFLECTED the high cost of borrowing.. but we are getting close to 7% rates but sellers still want money like the buyer can finance at 2.65%
Gen Z and Gen A won’t be able to afford houses. The half of millennials who stuck to their timeline and bought asap got in just before the gates closed in 2018/2019.
If there’s anything that’s guaranteed in life it’s death and taxes. People will have to sell and if Gen Z and Gen A can’t buy… then what will happen to these houses 🤔 Someone will die, divorce, lose a job… and drop their price because, you’re right, no one can afford that price. And us Milleniall’s inheriting don’t want to live where Mom or Dad left their house to us… because jobs are not there.
Just 7 top gov. expenses are more than tax revenue. Most taxes are for senior citizens + military. If we fix healthcare, we can fix taxes.
Pre approval for 30 yr conventional at 7.5% today
Ouch
Indeed mine came in at 7.359% absolutely criminal!
Who's in control? Will the Fed have the audacity to keep cutting? If it does, it looks like the bond market won't abide. Once again, the Fed appears to not know what it's doing.
Inflation is in control.
Could we be living in the 1970s, with the Fed fighting inflation.
You think? They printed like 8 trillion dollars since 2008.
At some point 7% mortgage rates are going to be normal
Again, along with 5% inflation
6 to 7 is normal.
@@captainbuck5969 But the average home costing 420K isn't normal.
Agreed 100%! I always hate when people say rates aren't bad historically. Which yes I agree they are lower than the double digits in the 80s and 90s but also the average home price then was a lot lot less. I also agree rates can't go back to the 2s like we saw a few years back but I think a 4 to 5 normal range is doable and we were there pre COVID. @@jonathantaylor6926
Are there 25 different Ficos???
9:20 I can't see your mouse cursor
Same here cant see mouse cursor
Since the FED cut 50 basis points the 10 year UST is up nearly 70 basis points... what if that happens.... again? We could be 2 FED cuts away from 10% mortgage rates if this continues.
@@jonathantaylor6926 that’s because the job numbers and CPI came in saying the economy was still great, so now Treasury buyers need to price in less cuts. Those cuts that happened were priced in in August…
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
If the housing market takes a hit, it might lead to reduced consumer spending and overall economic instability. I advice you consult with a professional about your investment portfolio to enable you to take advantage of the downturns.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market. My coach has helped me expand my portfolio by 200% over the past few months.
this is all new to me, where do I find a fiduciary, can you recommend any?
There are many independent advisors to choose from. But I work with Glen Howard Chester and we've been working together for almost four years and he's fantastic. You could check him if he meets your requirements. Just research the name. You’d find necessary details to work with
Thank you for this Pointer. It was easy to find your handler, He seems very proficient and flexible. I booked a call session with him.
The answer to your question is……….NO.
In the early 80’s rates were around 18. 7 is a DEAL.
Yes but the cost of a home was maybe twice your income, or 2.5X income.... Now it's way more than that.
U need to understand that 7% on 400k is worse than 18% on 100 or even 200k
Lol yeah but look at the PRICES vs INCOMES.... when rates were 18% the sale price REFLECTED the high cost of borrowing.. but we are getting close to 7% rates but sellers still want money like the buyer can finance at 2.65%
AND need to understand that property taxes are much higher and so is home owners insurance
LOL, in the 80's a new 1500 sf house in our area sold for about $90,000. Today the same new home sells for about $600,000. Is that still a bargain?
Gen Z and Gen A won’t be able to afford houses. The half of millennials who stuck to their timeline and bought asap got in just before the gates closed in 2018/2019.
If there’s anything that’s guaranteed in life it’s death and taxes. People will have to sell and if Gen Z and Gen A can’t buy… then what will happen to these houses 🤔
Someone will die, divorce, lose a job… and drop their price because, you’re right, no one can afford that price. And us Milleniall’s inheriting don’t want to live where Mom or Dad left their house to us… because jobs are not there.
6 to 7 are historically average. WHAT IS THE PROBLEM?????
The problem is that rates were 2.65%.... 6 or 7% really isn't even that bad, but the entire RE market repriced for sub 3% rates..
FYI - Musk is talking about spending reduction and consequently debt reduction. Trumo/Vance 2024