Quote:
Originally Posted by ChiliConCarnage
That's the highest the 30 year mortgage rate has been since the GFC. In a matter of a few months from the lowest it'd ever been. It's higher than we got in the 2018 tightening cycle where they took FFR to 2.75%(?) - not sure on the exact number.
I think the Feds rhetoric is definitely slowing demand and, sadly, I think if you flip that chart upside down it's my stock portfolio. Psychology is important for both the economy and stock market and I'm seeing recession references a lot of late. Nobody likes losing wealth
I did get a .10% boost to my savings account though! hooray |
LOL.
I had to go to the bank to ask my banker about some equipment notes I was thinking about doing. I told him I got my notice of the .5% rate hike in my LOC and asked when I was getting the corresponding one for my savings (LOC balance: 0, Savings account balance, >0), I like to watch him squirm.