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  1. #1
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    Fed Chief and interest rate hikes

    He is talking today and it sounds like the interest rate hikes will continue due to inflation. The market is responding and some think the next hike might be .50 instead of .25. Octobers lows are coming. Hold on to some cash for the great sales. Looking forward to buying VZ, CCI, NEE, PXD, INTU, ARCC, and PARA. Good luck to all.

  2. Stocks/Investments Moderator boneil's Avatar
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    #2
    Whats funny is that he didn't say anything new today. I think we should have already visited the lows. Gonna take some hot data to get us there.
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  3. Member
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    #3
    It’s surprising how little the rate hikes have slowed buying or home prices here. We’ve still struggled to even get agreement on homes at list price and are routinely beat buy 10%…many homes not lasting a weekend. I’d love a correction even if it means higher interest rates….
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  4. Member
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    #4
    Was reading how the change in the way consumers have financed their homes in the past couple decades with low fixed rate loans vs. the variable rate loans of yesteryear, means that rate hikes have not had nearly the effect on consumer spending the way they did in the past. Fixed rate mortgages being 90% of all consumer mortgage loans today have shielded the consumer somewhat from the immediate impacts of rate hikes. That caught the fed by surprise and apparently is necessitating more dramatic rate changes to force the desired slowing of the economy in other ways.

  5. Member
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    Jul 2019
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    Flanders, New Jersey
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    #5
    Currently looking for a house and its been insane. Went to one open house the other weekend and it looked like a line for a Disney World ride, took 20mins waiting on line to see the house. No signs of slowing where I am. Not enough inventory and way too many buyers. Plus, so any people re-financed, why would they sell their house to buy another at 7%? I don't see it slowing anytime soon.

  6. Member
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    Jun 2018
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    #6
    As long as house prices are elevated, sellers can easily afford to buy down the mortgage rate for the buyer, so the mortgage rate nearly becomes irrelevant. If the prices drop enough, this won't be possible and then you'll start to see a true decline in prices.
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  7. Member
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    May 2019
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    Elburn, Illinois
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    #7
    The whole locked in mortgage rate is an interesting one. I locked in a couple years ago at 2.25 on a 15 year. I'm glad I did, but also feel like I'd be a fool to upgrade anytime soon. Like the house, don't love the house.

  8. Member
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    Nov 2011
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    #8
    Just sold some covered calls on TLT this morning. I don't see a material drop coming in CPI for a few more months.