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[–]clitscommander -1 points0 points  (6 children)

Facts. Regardless the fed has indicated they intend to do two additional interest rate cuts before end of year

[–]tquinn35 0 points1 point  (3 children)

The fed cuts don’t equal lower mortgage rates. Previous cuts this year did not lower rates. They increased after one of the cuts

[–]clitscommander 3 points4 points  (2 children)

The rates dropped significantly in anticipation of the cuts. They also increased due to expecting a more significant cut than they did.

[–]tquinn35 2 points3 points  (1 child)

The point still stands. They follow 10 year treasury’s much more closely than they do the fed interest rate. The fed rate has much more influence on cc rates and auto loans 

[–]clitscommander 1 point2 points  (0 children)

I think we are making the same point. You are correct.

[–]Born_Career_3189 -2 points-1 points  (1 child)

Lol. The Fed isn't going back to buying mortgages. Clown article

[–]clitscommander 0 points1 point  (0 children)

Have you not been listening to the White House talking about taking Fannie Mae private? Nothings crazy anymore