Why are mortgage rates rising even after Feds rate cut?

[Heretic]

They are getting a lot of money, but they don’t control him. He just wants to make money with them. There is a very good argument tech is in need of reigning in because they have become gilded era wealthy but no, he’s done things to hurt their interest. There are definitely international interest in this, but honestly when you reach a certain limit of wealth you aren’t bound to a country like normal people. An American billionaire has the same sway as a European or Chinese one.

Banks are buying them too cause they know they can make the renter pay three times the amount eventually. It’s also why this might be the worst time in US history for the home building that keeps getting pushed in the “abundance” philosophy cause those investment companies are like sharks in a feeding frenzy when it comes to buying homes.

Yep, I even started getting calls from people asking me if I want to sell. I have no incentive to sell unless I want to start over, which I don't.

 

[Menna]

Correct. Which is what I advised one coli member that insisted that he could refi his mortgage after a cut.

The issue is that borrowers are requesting higher payback on the 10 year treasury notes, because the USA is carrying a large national debt.

Tell him to get a part time job and leave the home alone

 

[KillerPups]

seems like dates are coming down. I'm seeing low 5s on 15 years and high 5s on 30

been closing hella refis last few weeks

 

[WIA20XX]

Trump has also pushed that tariffs are not a tax. He doesn't understand business or finance.

The guy with all them failed businesses and multiple bankruptcies?

You sure about that?

 

[Sir Richard Spirit]

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year, extending a recent trend that’s helped give lagging U.S. home sales a boost.

The average long-term mortgage rate fell to 6.19% from 6.27% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.54%.

This is the third straight weekly decline and it brings the average rate to its lowest level since Oct. 3, 2024, when it was 6.12%.



The 10-year yield was at 3.99% at midday Thursday, not far from around 3.97% the same time last week.

Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell again this week, dropping to its lowest level in more than a year

abcnews.go.com

@Samori Toure change the thread title breh.


I also read the new job numbers so bad the Fed is going to keep going with cuts

 

[Sir Richard Spirit]

@Samori Toure

https://www.nytimes.com/2025/10/29/business/fed-interest-rates-decision.html

Now bow down nikka. All that dooms day reporting you doing. You don’t know what the fukk you talking about. Damn near EVERYTHING I told yo dumbass is coming true.

 

[BlackBall]

Rates don’t matter since supply has been snatched up for years by blackstone plus other immigration factors. Housing is cooked long term

 

[Sir Richard Spirit]

Rates don’t matter since supply has been snatched up for years by blackstone plus other immigration factors. Housing is cooked long term

None of this is true. Now rates don’t matter

 

[Chrishaune]

Rates don’t matter since supply has been snatched up for years by blackstone plus other immigration factors. Housing is cooked long term

They are going to make the people fight them one way or another


So they can bring the One World Surveillance government.

 

[BlackBall]

None of this is true. Now rates don’t matter

Matters for corporations. Savers lost too

 

[Sir Richard Spirit]

Matters for corporations. Savers lost too

 

[BlackBall]

They are going to make the people fight them one way or another


So they can bring the One World Surveillance government.

As long as property taxes exist you’re still a glorified renter

 

[BlackBall]

I’m talking about lending and prime. Mortgage rates aren’t tethered.

 

[Sir Richard Spirit]

I’m talking about lending and prime. Mortgage rates aren’t tethered.

You don’t know what you’re talking about and it’s ok.

 

[Loose]

None of this is true. Now rates don’t matter

Honestly they don't. Soon they drop you're going to have more buyers in the market competing for very few homes. Its good for me though since I bought my new home in the 6s