Article

2022-09-22 Economy

Federal Reserve Ushers in Economic Doom With Major Interest Rate Hike

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Posted by Besoeker 2022-09-22 01:24|| || Front Page|| [4 views ] Top

#1 actually it makes sense to buy at high interest rates if you can get a good price

the reason is that when rates drop you can refinance

Posted by Lord Garth 2022-09-22 09:28|| 2022-09-22 09:28|| Front Page Top

#2 when rates drop

And there's the rub...

Posted by M. Murcek 2022-09-22 09:32|| 2022-09-22 09:32|| Front Page Top

#3 I remember thinking I was pretty smart when I was able to refinance for an interest rate of 6.625. But then, the price of the house was about one quarter of what it is now.

Posted by Abu Uluque 2022-09-22 13:46|| 2022-09-22 13:46|| Front Page Top

#4 That was back in the late 1990's.

Posted by Abu Uluque 2022-09-22 13:47|| 2022-09-22 13:47|| Front Page Top

#5 Lord Garth has it right.

Bought our first house in '82 refi in '84 sold in '86 (thank you RR) $45 to by $105 when sold.

Smoothish sailing ever since. Retirement going as planned (except for The Chinese Flu)

Posted by AlanC 2022-09-22 15:09|| 2022-09-22 15:09|| Front Page Top

#6 Jerome Powell: Why does he hate me?

Posted by Matt 2022-09-22 15:27|| 2022-09-22 15:27|| Front Page Top

#7 They jammed the market with an incredible amount of 'money' creation. The only way to cut it will be to pull it back in, that means interest rates have to go up, way up. One way to start is quit feeding the 'preferred' money market agents and tell them to start paying real interest on savings and investments to the public.

Posted by Procopius2k 2022-09-22 16:43|| 2022-09-22 16:43|| Front Page Top

#8 DooooOOOOOM!

Posted by magpie 2022-09-22 22:36|| 2022-09-22 22:36|| Front Page Top

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