MBS market went "no bid" for a few mins Friday after cpi print

[gardentiger]

The housing market has crashed. 30 basis pt jump in one day is Yuuuge.
Started the yr at 2.55% now 5.85%
Median us home price 428k say you put 20% down. Buy home for 342k. Payment in Jan close $1382/mo. (P&I only) Now $2023/mo.
Will interest rates come down? Doubtful.
If the 10yr hits 4% your looking at 8.4% mortgage...monthly pymt $2613.
Yesterday's CPI was the nudge.

 

[DW4_2016]

Wait, you’re telling me things are going haywire after the government has been printing money since trumps third year in office? Thanks Biden.

 

[gardentiger]

Wait, you’re telling me things are going haywire after the government has been printing money since trumps third year in office? Thanks Biden.

Not a Trump fan. He called for 0% ffr.. you make a lot if assumptions? Unfortunately for Joe it's happening on his watch.

 

[jakefest]

The housing market has crashed. 30 basis pt jump in one day is Yuuuge.
Started the yr at 2.55% now 5.85%
Median us home price 428k say you put 20% down. Buy home for 342k. Payment in Jan close $1382/mo. (P&I only) Now $2023/mo.
Will interest rates come down? Doubtful.
If the 10yr hits 4% your looking at 8.4% mortgage...monthly pymt $2613.
Yesterday's CPI was the nudge.

Good read

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[jakefest]

Wait, you’re telling me things are going haywire after the government has been printing money since trumps third year in office? Thanks Biden.

I thought it was all Putin's fault.....

 

[DW4_2016]

I thought it was all Putin's fault.....

View embedded media

If don’t recall saying it has anything to do with Putin. Maybe 5%, but I’ve never typed Putin’s price hike to this point.

One thing I know is stopping price gouging could have only helped, but that wouldn’t have gone well in the midterms when the prices went down.

 

[dpic73]

I thought it was all Putin's fault.....

View embedded media

Are you suggesting that the oil embargo imposed by us and the European Union had no impact on this global commodity? It's not responsible for all of it but it definitely impacted a lot of the rise in the last couple months.

 

[anon_5e8aassgcbjz1]

Not a Trump fan. He called for 0% ffr.. you make a lot if assumptions? Unfortunately for Joe it's happening on his watch.

Trump floated the idea of negative interest rates lol.

 

[gardentiger]

Trump floated the idea of negative interest rates lol.

Not surprised if true. CBDCs will have programmable background to apply negative interest rates if you don't spend it in a certain amount of time...imo

 

[fatpiggy]

Wait, you’re telling me things are going haywire after the government has been printing money since trumps third year in office? Thanks Biden.

Can't blame Trump 3.5 years into Biden's administration.

 

[fatpiggy]

Not surprised if true. CBDCs will have programmable background to apply negative interest rates if you don't spend it in a certain amount of time...imo

BTC trading $73,000

 

[PAWrocka]

Can't blame Trump 3.5 years into Biden's administration.

Where I agree with you …. why are you bumping a post that was made nearly two years ago when the argument could be made (or at least debated) that Trump could’ve been the one to blame???

I don’t understand why you would do that…..