Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Massachusetts
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-27-2022, 12:56 PM
 
1,899 posts, read 1,403,924 times
Reputation: 2303

Advertisements

average 30 year fixed mortgage above 7% now….
Reply With Quote Quick reply to this message

 
Old 09-27-2022, 01:08 PM
 
23,561 posts, read 18,707,417 times
Reputation: 10824
Quote:
Originally Posted by porterhouse View Post
average 30 year fixed mortgage above 7% now….
Reply With Quote Quick reply to this message
 
Old 09-27-2022, 01:48 PM
 
2,352 posts, read 1,780,522 times
Reputation: 700
Quote:
Originally Posted by porterhouse View Post
average 30 year fixed mortgage above 7% now….
I think you are premature... but we are getting there and beyond for sure.
Reply With Quote Quick reply to this message
 
Old 09-27-2022, 01:52 PM
 
129 posts, read 108,110 times
Reputation: 367
Quote:
Originally Posted by yesmaybe View Post
I think you are premature... but we are getting there and beyond for sure.
No according to https://www.mortgagenewsdaily.com/ the average is 7.08% today.
Reply With Quote Quick reply to this message
 
Old 09-27-2022, 01:55 PM
 
2,710 posts, read 1,733,872 times
Reputation: 1319
Quote:
Originally Posted by yesmaybe View Post
I think you are premature... but we are getting there and beyond for sure.
It's true. Rates have been going up everyday.
Reply With Quote Quick reply to this message
 
Old 09-27-2022, 03:54 PM
 
5,109 posts, read 2,668,728 times
Reputation: 3691
I think lots of people have been in denial on this economy for a while. Can't see it getting better under the current "leadership." Most likely to get much worse.
Reply With Quote Quick reply to this message
 
Old 09-27-2022, 03:58 PM
 
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
41,936 posts, read 36,962,945 times
Reputation: 40635
Quote:
Originally Posted by bostongymjunkie View Post
I think lots of people have been in denial on this economy for a while. Can't see it getting better under the current "leadership." Most likely to get much worse.
It really only can get worse. The economy was so on fire with record job growth, full unemployment, wages raising, inflation (in part due to high demand, but also supply chain issues), etc that they've had to try to put the brakes on it to cool it off. Soft landings are incredibly difficult, and rarely pulled off, so at least a little recession is likely. Can't be on fire like that forever.
Reply With Quote Quick reply to this message
 
Old 09-27-2022, 04:09 PM
 
5,109 posts, read 2,668,728 times
Reputation: 3691
Quote:
Originally Posted by timberline742 View Post
It really only can get worse. The economy was so on fire with record job growth, full unemployment, wages raising, inflation (in part due to high demand, but also supply chain issues), etc that they've had to try to put the brakes on it to cool it off. Soft landings are incredibly difficult, and rarely pulled off, so at least a little recession is likely. Can't be on fire like that forever.
That's funny. There's a difference between "cooling off" and crashing markets, with the worst inflation in 40 years and no end in sight.
Reply With Quote Quick reply to this message
 
Old 09-27-2022, 04:49 PM
 
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
41,936 posts, read 36,962,945 times
Reputation: 40635
Quote:
Originally Posted by bostongymjunkie View Post
That's funny. There's a difference between "cooling off" and crashing markets, with the worst inflation in 40 years and no end in sight.
The Fed has a difficult job. One that is rarely done well. They have a mandate that really doesn't include making sure the markets are high (for some like me this market is great as its a good buying opportunity, for others, not so much), but instead achieve relative price stability (low inflation) and near full employment. Easy to second guess their actions, in hindsight.
Reply With Quote Quick reply to this message
 
Old 09-27-2022, 05:13 PM
 
5,109 posts, read 2,668,728 times
Reputation: 3691
Quote:
Originally Posted by timberline742 View Post
The Fed has a difficult job. One that is rarely done well. They have a mandate that really doesn't include making sure the markets are high (for some like me this market is great as its a good buying opportunity, for others, not so much), but instead achieve relative price stability (low inflation) and near full employment. Easy to second guess their actions, in hindsight.
The Fed has an even tougher job given the way the government is being run.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Massachusetts

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top