The Federal Reserve has set a target rate of 0.00-0.25%.
Rates will stay at these "exceptionally low levels" for some time, we hear.
Woo-hoo!
Mortgage rates – even on refis – are dropping into the 5's, indeed, as low as 5%, as a result of a separate Fed action to manipulate long-term rates, er, to buy mortgage-backed…
The Federal Reserve has set a target rate of 0.00-0.25%.
Rates will stay at these "exceptionally low levels" for some time, we hear.
Woo-hoo!
Mortgage rates – even on refis – are dropping into the 5's, indeed, as low as 5%, as a result of a separate Fed action to manipulate long-term rates, er, to buy mortgage-backed securities and long-term Treasury bonds.
Woo-hoo!
The outgoing national government has socialized trillions of dollars in losses and has tried, almost against all hope, to "restore confidence" in the financial markets. (A certain recently revealed gigantic, titanic, unfathomably huge Ponzi scheme may serve as another blow to "confidence.")
But, face it, the more you hand decisions about economic action back to individuals, the more action you'll see.
Which is what makes free money such a boon.
Keep pushing rates down, and homeowners will re-fi in droves. (A wave has already begun.) Give those actors another $300-$3,000/mo. to spend, and they might well spend it.
Make houses more affordable, and more people (with jobs) might take the plunge. And that might reverse declining house prices, which, after all, started this mess.
We want candy.
So thanks for giving it to us.
Even if it meant "abandon[ing] free-market principles to save the free-market system."
We like candy.
Don't tell us that it makes us act crazy. We're not listening, anyway.
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Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 3:40am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.