Liberal Forum

Z09 » 20 Jan 2024, 11:09 am » wrote: ↑

20 Jan 2024, 11:09 am

R. SuaveChild Groomer, Sexual PredatorPosts: 5,214Contact: 
Contact R. SuaveMoney: 11,690                 

Many more are now qualified for a mortgage..

Are you lying again. Mortgage rates went up because of interest rates went up to combat trumpflation. 

https://www.foxbusiness.com/personal-fi ... ast-spring

Rates are down to 6.6% on 30-year mortgages, according to Freddie Mac. (iStock)

Mortgage rates continued their downward trend this week and have fallen to levels not seen since last spring, according to Freddie Mac.


The average 30-year fixed-rate mortgage was 6.6% for the week ending January 18, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s a slight decrease from the previous week when it averaged 6.66%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.15%.

"Mortgage rates decreased this week, reaching their lowest level since May of 2023," Freddie Mac Chief Economist Sam Khater said. "This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale."

While falling rates are a good sign for buyers, there’s still the chance they may not hold steady as the economy wobbles toward recovery. This can cause trouble for buyers trying to accurately budget for their home purchase.

Z09 » 20 Jan 2024, 11:09 am » wrote: ↑

20 Jan 2024, 11:09 am

R. SuaveChild Groomer, Sexual PredatorPosts: 5,214Contact: 
Contact R. SuaveMoney: 11,690                 

Many more are now qualified for a mortgage..

Take it to 'm Z09 - I'm beating the tar out of him on this in another thread.  Now, kick him in the nuts WITH THE FACTS!!!
 

Bidencrimefamily » 20 Jan 2024, 11:12 am » wrote: ↑

20 Jan 2024, 11:12 am

Are you lying again. Mortgage rates went up because of interest rates went up to combat trumpflation.

In an of 2021 the inflation rate was 1.4.

Z09 » 20 Jan 2024, 11:09 am » wrote: ↑

20 Jan 2024, 11:09 am

R. SuaveChild Groomer, Sexual PredatorPosts: 5,214Contact: 
Contact R. SuaveMoney: 11,690                 

Many more are now qualified for a mortgage..

Many may qualify but because of the interest rates many can't afford "as much house" as they need.

Z09 » 20 Jan 2024, 11:39 am » wrote: ↑

20 Jan 2024, 11:39 am

So 5 years ago a monthly payment might be $1600

Now the same the same payment is $2600
And that disqualifies buyers...

In other cases buyers needs a bigger house but that means a new mortgage regardless if the have credit, down payment and tax returns..
The bigger rate changes everything

I know.  My wife is a paralegal that does real estate closings.  Wrks with the banks all day long and many of her friends are loan officers.  We ourselves were looking for a different house though ours was built is 2017.  The reason being was we could get a more expensive house because the rates were so low and the price we could sell this one for.

When the rates jumped we stopped looking.  

Z09 » 20 Jan 2024, 11:29 am » wrote: ↑

20 Jan 2024, 11:29 am

Suave says many more people qualify for a mortgage..
....But home sales are at a 28 year low..

Well...
Why aren't they buying?

I'm thinking interest rates...
But he says that had nothing to do with being qualified?

WTF?
​​​​​

Technically, interest rates wouldn't directly affect someone's ability to qualify for a loan.  But, higher interest rates means higher payments.  And, higher payments directly impact the lending ratios.  Suave is playing a little "word trick" with you, which is typical for Democrats.
 
 

Bidencrimefamily » 20 Jan 2024, 11:12 am » wrote: ↑

20 Jan 2024, 11:12 am

Are you lying again. Mortgage rates went up because of interest rates went up to combat trumpflation.

Inflation has been 9% under Biden.
Not Trump
 

BooRadley » 13 Jul 2024, 9:19 pm » wrote: ↑

13 Jul 2024, 9:19 pm

Inflation has been 9% under Biden.
Not Trump

Easily bored?
 

BooRadley » 13 Jul 2024, 9:19 pm » wrote: ↑

13 Jul 2024, 9:19 pm

Inflation has been 9% under Biden.
Not Trump

It started rising because of trunps actions during covid dip ****. 

Bidencrimefamily » 13 Jul 2024, 9:35 pm » wrote: ↑

13 Jul 2024, 9:35 pm

It started rising because of trunps actions during covid dip ****.

No
It happened because of the massive spending that Biden was warned against
 

BooRadley » 13 Jul 2024, 9:37 pm » wrote: ↑

13 Jul 2024, 9:37 pm

No
It happened because of the massive spending that Biden was warned against

Inflation was negative last month. It's been growing ever since Trump left office. 

You have no clue what you're talking about once again. 

Mister Obama spent more than Trump. 

Trump secured the border  

BooRadley » 13 Jul 2024, 9:37 pm » wrote: ↑

13 Jul 2024, 9:37 pm

No
It happened because of the massive spending that Biden was warned against

Democrats admitted in public that they knew Biden's spending was inflationary, and that they didn't care. 
Here is Clyburn:
https://youtu.be/r3LI9SuDpCQ?si=17cSorr3kA1jR_oO
 

golfboy » 13 Jul 2024, 9:40 pm » wrote: ↑

13 Jul 2024, 9:40 pm

Democrats admitted in public that they knew Biden's spending was inflationary, and that they didn't care. 
Here is Clyburn:
https://youtu.be/r3LI9SuDpCQ?si=17cSorr3kA1jR_oO

Oh but trumps record spending wasn't.  

And trump would of spent more. 

How did you like that trump stimilus check. 
 

Republicans said for year government spending would cause inflation.

Then they spent record amounts. can you say stupid

Bidencrimefamily » 13 Jul 2024, 9:42 pm » wrote: ↑

13 Jul 2024, 9:42 pm

Oh but trumps record spending wasn't.  

And trump would of spent more. 

How did you like that trump stimilus check.

Are you calling Clyburn a liar?

No, it wasn't.  You know why?  Because NO ONE WAS WORKING.
When Biden went on his spending spree, everyone had gone back to work. 

Why are all liberals so **** economically illiterate? 
 

Bidencrimefamily » 20 Jan 2024, 11:12 am » wrote: ↑

20 Jan 2024, 11:12 am

Are you lying again. Mortgage rates went up because of interest rates went up to combat trumpflation.

RISING INTEREST RATES DON'T SOLVE INFLATION WOES CAUSED BY A BIDEN CRIME ORGANIZATION
 

Bidencrimefamily » 20 Jan 2024, 11:12 am » wrote: ↑

20 Jan 2024, 11:12 am

Are you lying again. Mortgage rates went up because of interest rates went up to combat trumpflation.

The inflation was caused by Biden and the $ 4 trillion he printed
 

golfboy » 13 Jul 2024, 9:40 pm » wrote: ↑

13 Jul 2024, 9:40 pm

Democrats admitted in public that they knew Biden's spending was inflationary, and that they didn't care. 
Here is Clyburn:
https://youtu.be/r3LI9SuDpCQ?si=17cSorr3kA1jR_oO

!