Mortgage rates lifting off

[Uncle Muscles]

 

[CDDP]

 

[quickfeet]

SEC! SEC! SEC!

But srsly why is he excluding the southeast from the meltdown?

 

[GarnetPild]

SEC! SEC! SEC!

But srsly why is he excluding the southeast from the meltdown?

No expert, but my guess is the crazy population growth. Shit tons of people are fleeing liberal states and moving to the southeast. Wish they wouldn't, but also do not blame them.

 

[tiderollsonu]

SEC! SEC! SEC!

But srsly why is he excluding the southeast from the meltdown?

#FeelsGoodMan

 

[QuanChi]

Load up on canned beans and sardines now.

 

[CDDP]

Mortgage bonds and homebuilder stocks look like shit the last 6 months. Makes sense if the economy is crap and the Fed has decided to start raising interest rates.

 

[shiv]

Mortgage bonds and homebuilder stocks look like shit the last 6 months. Makes sense if the economy is crap and the Fed has decided to start raising interest rates.

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This will be interesting to see how it shakes out

 

[CDDP]

Interest rates are still moving higher and the homebuilder ETFs are getting destroyed. Between this and the polling data on consumers about inflation I believe we are already in a recession.

 

[Mello Yello]

Should I sell my house tomorrow?

 

[CDDP]

Brandon has a problem on his hands....

 

[Rebarcock.]

Load up on canned beans and sardines nom

Buy soap.

 

[quickfeet]

Yikes

 

[Mr.Fitzwell]

Yikes

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Eeesh!

 

[Rube Reaper]

Cult plant Powell is doing everything he can to wreck the Biden economy.

Republikkkans just can’t stand that Democrat policies work well.

 

[TopHook]

SEC! SEC! SEC!

But srsly why is he excluding the southeast from the meltdown?

Retired and pissed off people due to shitty liberal policy. Vacationing is great also.

 

[Rebarcock.]

Along the sc and SE coast in general it is more insulated from recession than manufacturing based states. People want warmth and beaches for vacations. When the middle Americans can't do that is when we feel the pinch. But in general we are last to feel it and 1st out of it.

 

[shiv]

Along the sc and SE coast in general it is more insulated from recession than manufacturing based states. People want warmth and beaches for vacations. When the middle Americans can't do that is when we feel the pinch. But in general we are last to feel it and 1st out of it.

Same here in the GOAT (Huntsville for the uninformed) due to the ridiculous amount of space and defense funding that pours into this town. Recession proof

 

[ThetaMale]

 

[shiv]

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Fuckin nuts right there. Taking off like a rocketship

 

[ThetaMale]

Fuckin nuts right there. Taking off like a rocketship

I bet they go into the double digits before we see things turn around.

 

[shiv]

I bet they go into the double digits before we see things turn around.

Yep. Refinanced this summer at 5.5% to consolidate some variable rate debt and people thought I was crazy. Refis are always 0.5-1% higher than 30 years too

 

[Rebarcock.]

I bet they go into the double digits before we see things turn around.

I may be off but iir I predicted 11% before biden was gone.
Lumber is falling fast
Multifamily starts are up as new homes fall.

 

[Rebarcock.]

Yep. Refinanced this summer at 5.5% to consolidate some variable rate debt and people thought I was crazy. Refis are always 0.5-1% higher than 30 years too

I bought at 3.8 and after I sold my lot dropped 100k on my house principal. I wanted to refi to 15yr and dicked around. Stuck now but as inflation and rents sky rocket my 1700.00 note looks like a deal. I bought a truck a week or so ago now saddled w medical debt. Brought in a border for 750.00 per month. Thinking about waiting a month or 2 and bringing in another for 850.00. That will take the heat off with a truck and medical bills.
I just paid off all new appliances and 2nd fridge for border. That was 7k+ in about 6months. But I don't have to worry about appliances for 15 years hopefully.
These fuckers couldn't have tried harder to fuck working Americans. I really feel for the younger folks who are going to have the wages deflated bc all the illegals. I'm waiting for the administration to dissolve Efile on new hires to assure Americans are hired.
I'll only hire English speakers. Idgaf where they are from but they gotta speak English and be legal.
But yeah I should have refi 20months ago when I started to then didn't follow thru

 

[Rube Reaper]

Cult plant Powell is doing everything he can to wreck the Biden economy.

Republikkkans just can’t stand that Democrat policies work well.

 

[ChicagoFats]

Interest rates are still moving higher and the homebuilder ETFs are getting destroyed. Between this and the polling data on consumers about inflation I believe we are already in a recession.


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