Home Loan Bill
@HomeLoanBill
Mortgage Guy & Excel Nerd. Get used to 6% mortgage rates. Detroit Lions fan (30 years).
I’m starting a list (thread) of accounts whose block I wear as a badge of honor. First on my list is @pulte!
HOME LOAN BILL: TRUMP IS WRONG.
TRUMP: HOUSING LAGGING BECAUSE POWELL REFUSES TO LOWER RATES
Faulty conclusion and one the admin should acknowledge after last week's Powell ouster trial balloon proved the theory that artificially lowering the Fed Funds Rate would only help the shortest rates and likely push longer term rates (like mortgages) higher.
TRUMP: HOUSING LAGGING BECAUSE POWELL REFUSES TO LOWER RATES
The problem today isn't with affordability relative to history; it's relative to expectations that all-time lows in ownership costs should be the norm. Prices & rates crashed simultaneously & ownership costs plunged but rents kept going up. The bump since was mean reversion. 1/
Three sentences…three wrong statements. Batting 1.000 never looked so bad. 🤣
Well, he is not doing the job he was nominated to do. Interest rate rates are too high. He’s hurting the real estate market.
Ok, this is fair.
The CBA negotiations are for 2026, and people are talking about the WNBA's finances pre Caitlin. Everything has changed. What's $50M when the WNBA signed a new $2B media deal? Three new franchises were just acquired for $250M each, the stadiums are sold out, tickets are…
What Ronald is conveniently forgetting is that the employer doesn’t decide what these ladies are worth…the market does.
If you’re an employee the employer’s profit margin isn’t your problem or responsibility. They need to pay you what you are worth or they can’t have said employee. Only in the US are ppl expected to have some bizarre allegiance to a company with no reciprocation. It’s a work cult.
Fine…you can have 100% of league profits.
WNBA All-Stars took the court with shirts saying "Pay Us What You Owe Us" amidst CBA discussions with the league. @sportsiren provides the latest from the AT&T WNBA All-Star Game.
This is my new favorite story.
People who think like this need to reexamine their mindset and bring more of this young fella’s energy:
Of course, one of the great ironies of life is that getting a 15 yr old to listen to someone who has already been through the tunnel is borderline impossible :)
Um…who purchased the toys???
Forcing your children to share their toys is communism.
During April selloff I suggested Powell is wrong for not cutting rates. In retrospect Powell was, and is right. If crypto and tech can make daily ATH (with bubble like valuations), rates are not restrictive enough.
As someone who sees hundreds of credit reports/asset statements per year, I have zero concern that people with good/great credit have not been paying their BNPL bills. Also, Affirm already reports to credit. This is a nothing-burger.
For those that can’t see the forest through the trees.
I don't know who needs to hear this but firing Jerome Powell won't lower mortgage rates.
Allow me to interpret… “I have been informed that I do not have the authority to fire Powell.”
People that think Jerome Powell is the only vote on lowering interest rates are funny. On this app, you can just say things.