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Latest Discussions»Issue Forums»Economy»30Y Mortgage rate 6.91%, ...»Reply #2
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Economy

In reply to the discussion: 30Y Mortgage rate 6.91%, highest level since early July. AND NO, INTEREST RATES ARE NOT COMING DOWN [View all]

nmmi

(248 posts)
2. "Why won't interest rates go down?" - because ponies are very high maintenance items, a crushing economic burden
Reply to dem4decades (Reply #1)
Thu Jan 2, 2025, 02:56 PM
Jan 2

that will push pony-care inflation to stratospheric levels. And when they become horses, inflation will be at least low-earth-orbit high.

and everyone is going to get a pony. Why won't interest rates go down?

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30Y Mortgage rate 6.91%, highest level since early July. AND NO, INTEREST RATES ARE NOT COMING DOWN [View all] nmmi Jan 2 OP
What do you mean interest rates aren't coming down? dem4decades Jan 2 #1
"Why won't interest rates go down?" - because ponies are very high maintenance items, a crushing economic burden nmmi Jan 2 #2
I guess it's only old fogies like me who remember Jrsygrl96 Jan 2 #3
My post didn't say that "like mortgage rates are higher than they've ever been" nmmi Jan 2 #4
Good! Fiendish Thingy Jan 2 #5
No, its not good. Yeah, the aspect that private equity and corporate owners will have a tougher time is nice, nmmi Jan 2 #6
If people can't qualify for mortgages at current prices, prices will have to come down Fiendish Thingy Jan 2 #7
Enough people are qualifying for mortgages to keep prices going up, and have been for years nmmi Jan 2 #8
It only took 8% of borrowers in arrears to trigger the housing collapse of 2008 Fiendish Thingy Jan 2 #9
I don't doubt that an economic collapse is quite possible, and it will solve the inflation problem too (for some time), nmmi Jan 2 #10
Collapse is bad; conditions, including high mortgage rates, that bring down prices- definitely good. Nt Fiendish Thingy Jan 2 #11
Only if they bring down mortgage payments, or temper the increase. Otherwise definitely bad if we have mortgage nmmi Jan 2 #12
Latest Discussions»Issue Forums»Economy»30Y Mortgage rate 6.91%, ...»Reply #2
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