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7317
Patrick
2026 Jan 9, 9:40am
Patrick
2026 Jan 9, 9:40am
https://www.coffeeandcovid.com/p/honor-among-thieves-friday-january
That seems contradictory to me. Lower rates immediately create higher prices, because the same monthly payment can cover higher principal.
Meanwhile, in the political arena, January’s surge continued yesterday. The AP dished a story headlined, “Trump says he wants government to buy $200B in mortgage bonds in a push to bring down mortgage rates.” The Democrats asked for the affordability fight; here it comes. ...
Yesterday, President Trump issued a post declaring that he will instruct Fannie and Freddie to use an existing war chest of about $200 billion in reserves (a rainy-day fund he wisely refused to burn off during Trump 1.0) to buy up mortgage bonds, a complicated financial move that experts say will help lower residential mortgage rates. The extent of the potential reduction is hotly debated. One Redfin economist quoted for the story estimated the move could shave 0.25 to 0.5 points off 30-year mortgage rates. ...
This news piles on yesterday’s announcement of a ban on hedge-fund vampires buying up residential properties. When enforced, it will increase the supply of homes, especially starter homes, which will lower prices. Starter homes might actually become available for, gasp, starters instead of being turned into rental portfolios for guys named Chadwell Gerard Bostley IV who summer in the Hamptons.
In other words, over two days, Trump announced plans to pressure both mortgage rates and housing prices.
That seems contradictory to me. Lower rates immediately create higher prices, because the same monthly payment can cover higher principal.
7318
Misc
2026 Jan 9, 10:59am
Patrick says
Higher rates haven't decreased home prices on a national level for almost going on 4 years. Why do ya think lower rates at this rate level would increase prices ???
At this stage the lower rates would only decrease the amount of down payment the purchasers use.
That seems contradictory to me. Lower rates immediately create higher prices, because the same monthly payment can cover higher principal.
Higher rates haven't decreased home prices on a national level for almost going on 4 years. Why do ya think lower rates at this rate level would increase prices ???
At this stage the lower rates would only decrease the amount of down payment the purchasers use.
7319
FortWayneHatesRealtors
2026 Jan 9, 2:30pm
He’s buying mortgages, that’s QE, buying bad debt at full price. He’s buying shitty mortgages that are going to default. That’s bail out. Otherwise things start crashing.
He’s rescuing asset prices. We can’t keep doing this, it’s become a permanent bailout. Money printer now spikes annually to keep that crap afloat.
He’s rescuing asset prices. We can’t keep doing this, it’s become a permanent bailout. Money printer now spikes annually to keep that crap afloat.
7320
RWSGFY
2026 Jan 9, 4:14pm
RWSGFY
2026 Jan 9, 4:14pm
FortWayneHatesRealtors says
He's a realtard, he can't help it, LOL.
He’s buying mortgages, that’s QE, buying bad debt at full price. He’s buying shitty mortgages that are going to default. That’s bail out. Otherwise things start crashing.
He’s rescuing asset prices. We can’t keep doing this, it’s become a permanent bailout. Money printer now spikes annually to keep that crap afloat.
He's a realtard, he can't help it, LOL.
7321
MolotovCocktail
2026 Jan 9, 6:30pm
MolotovCocktail
2026 Jan 9, 6:30pm
Misc says
Higher rates haven't decreased home prices on a national level for almost going on 4 years.
7322
The_Deplorable
2026 Jan 10, 12:42am
Misc says
That is because the housing market is a monopoly. Something like 90% plus of the houses in the USA are owned by six financial companies.
There is no supply and demand in the housing market.
"Higher rates haven't decreased home prices on a national level for almost going on 4 years."
That is because the housing market is a monopoly. Something like 90% plus of the houses in the USA are owned by six financial companies.
There is no supply and demand in the housing market.
7323
Glock-n-Load
2026 Jan 10, 6:02am
The_Deplorable says
Why do you keep saying 90% of houses are owned by 6 financial companies? 40% owned free and clear alone.
Misc says
"Higher rates haven't decreased home prices on a national level for almost going on 4 years."
That is because the housing market is a monopoly. Something like 90% plus of the houses in the USA are owned by six financial companies.
There is no supply and demand in the housing market.
Why do you keep saying 90% of houses are owned by 6 financial companies? 40% owned free and clear alone.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.