I had a buddy and an employee both tell me that different banks told them to anticipate 2.5 to 3% interest on housing/building loans by October.

What do the T-man financial experts think? We going that low again that soon?

I'm no financial expert but that's not going to happen. Do you think the FED is going to cut rates that much this year to affect mortgage rates that quickly? I have my doubts

I would like to see rates raised, I would like more land and don't want it to increase in price.

Not a chance IMO

Here's a hint as to why that may very well happen: Nov 5, 2024. Yes, doing so will set inflation into orbit but the Dems will do anything, including this, to retain power.

Will it hit 10% or 3% first

Not an expert,,,,, just a keen observer

Doesn’t feel like things are getting cheaper,,,,,around here anyway


My vote is no

That was my thoughts. Assuming it was unscrupulous bankers using it as a sales technique. Employee made himself house poor, good for me though.

Gotta find it before you can buy it. Just nothing for sale here outside of housing lots

You should see it up here


We’re in the biggest housing bubble ever/all time/worldwide!!!

It’s stupid!!

You can bet interest rates will come down before the election so sniffy can say look what i did. Down to 2.5 to 3 percent i don't think it will go that low at all

No

I think it was after the December Fed meeting that Powell said their outlook was to see short rates at 4.6 by the end of 2024. I don't think there has been a lot of progress towards their 2% goal since that time. It would not surprise me to see an unexpected increase one more time............but I really don't expect that.

At this point the markets are expecting a 25bp cut at the June meeting but the probability of that is only about 50% right now. I WOULD expect that to happen by September, but that's just me.

If we see 2.5-3 % this fall it will be because we are in a recession and the Fed was forced to cut.

My 2 cents

If they drop the rates too low, no one will loan the government the money they need in order to pay it's bills and interest due on it's debt.

That's true too.

Would not surprise me in the least. These fools will burn it all to the ground to stay in power.

Things will have to go very poorly for us to get to 2-3% interest rates. I don't think that's possible.

not that low.

gasoline WILL see a significant drop a month or so before the election.

This

I don't see how they could pull that off