@Keir
The Fed doesn’t set mortgage rates; they set monetary policy. Congress would have to create a program for that, and it’s unlikely.
Zen said:
@Keir
The Fed doesn’t set mortgage rates; they set monetary policy. Congress would have to create a program for that, and it’s unlikely.
Right? People keep blaming the Fed for stuff they don’t control.
@Ming
Exactly. Statements like ‘If the Fed had any brains…’ show how little people understand about the system.
Zen said:
@Ming
Exactly. Statements like ‘If the Fed had any brains…’ show how little people understand about the system.
And once people believe it, they spread it like it’s fact. The cycle continues.
@Keir
If they tried that, it would just end up being taken advantage of by investors.
Rowan said:
@Keir
If they tried that, it would just end up being taken advantage of by investors.
It’s not like FHA can’t figure out if someone’s a first-time buyer.
Rowan said:
@Keir
If they tried that, it would just end up being taken advantage of by investors.
It’s not like FHA can’t figure out if someone’s a first-time buyer.
They’d never approve that. Plus, cheap loans were part of what led to 2008’s crisis.
@Hart
Yeah, and that’s why things feel messed up here.
The Fed’s expected to lower rates at the next meeting and the two after. Mortgage rates should hold or even drop, so this person either doesn’t know or is misleading you.
Day said:
The Fed’s expected to lower rates at the next meeting and the two after. Mortgage rates should hold or even drop, so this person either doesn’t know or is misleading you.
Mortgage rates and Fed funds are linked but not exactly the same market. Plus, rates are moving higher lately with the stronger economic data.
Day said:
The Fed’s expected to lower rates at the next meeting and the two after. Mortgage rates should hold or even drop, so this person either doesn’t know or is misleading you.
Like how mortgage rates dropped after the last .5% cut, right? Oh wait…