Replies to post #841857 on Fannie Mae-No Politics (FNMA)

[CCSAB]

Um pretty sure he said RAISE interest rates and prices will DROP.

I think that's probably a truism 90% of the time. I think you assumed he was saying the inverse. I agree that the logic behind lowering rates push by Trump admin to make houses more affordable will only result in prices going up and ensuring unaffordability. Governments who have
become allergic to any business cycle want to defy economic laws. It's kind of sad because they keep gutting the middle class in the process. With Dems, I get it. They want the entitled super wealthy elite and the dependent masses. The Repubs I guess are just afraid to take the popularity hit. The most culpable organization behind the destruction of middle class America is no doubt the Fed. I'm all for independence but independence SHOULD imply no aversion to business cycles.

[Jake6285]

I'd love to move! However, like many, I'm not giving up my 2.875% mortgage rate for 6-7%

[FuturesTrader006]

Alot of people on this board dont understand how the feds rate affects things.. for instance even cutting rates may not drop mortgage rates. (As it is the front end of the curve not the back end, so its not a perfect lever).