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When they declined to do the quarter BP cut last time, I posted that they were painting themselves in a corner because a half BP cut right before the election would be politically unpalatable. They chose to think they would rise above the political fray and do whatever was best when the time came so they didn't need to do the quarter point cut then, and could afford to wait and see and do the half point later if it was needed.I feel like a 25 bps cut is coming. Fed is always slow to react and they don't want to seem political, so a 25 bps cut will feel like a nice middle ground to them.
Radio silence over on Truth Social since last night.Happy to be wrong! Any temper tantrum from Trump yet?
I wish I possessed even a quarter of your enthusiasm and optimism.So much winning! I am getting so exhausted by all of this winning, just like Trump said I would!
Maybe all the pre-whining he did about it will keep the temper-tantrum down a bit.Happy to be wrong! Any temper tantrum from Trump yet?
Wife and I over-extended ourselves a bit moving into our house last May. Luckily a new job helped ease the financial burden some but was really looking forward to refinancing when the time came. Now just need to decide how long to hold out to maximize the mortgage reduction given the proposed additional cuts this year and next.This all worked out perfectly for both my kids. 2 years ago they had no chance at a home because every listing was a bidding war and they were on the waiting list to get on the waiting list for new construction.
When rates went up, they were able to both get houses albeit with mortgages higher than they would have preferred obviously but they plan to be in the houses for at least 10-15 years and they could wait to refinance. Which will happen soon.
They would still be renting without this exact scenario and I am so happy for both of them.
Thanks Joe Biden.