The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 130k to a decent 532k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Good video .but did I miss something? The rates are now at 6.9% for a 30 year fixed conventional? Wasnt that the same in summer? So there really wasn't a drop? What was it last week or last month?
These kind of comments are dense.....Inventory is slowly inching up. Prices are flat or slightly correcting. A lot of markets are slowly getting into buyers' territory....I'm not going to say anyone should wait. But if you stood pat out of the craziness of 2021-2022. You have a better capture of the cost of home ownership. Ins sky rocketed. Plus taxes. Those who overbid got low rates, but recalibration of ownership cost went up in real time. There's no secret sauce. Or magic blanket strategy. Right now is a decent time to buy a home now that there's negotiating leverage. The FOMO for low rates is filtering out.
Haha why would anyone buy now? Prices are way over the top. You could rent a home for $5K right now vice a mortgage of $8K for the same house and you don't have to worry about insurance or home repairs. It's way cheaper to rent then own.
I'm glad I went ahead and bought last November. I'd have been in a worse position to buy a home now. My home value has went from $415k to 435k already. My mortgage is around 500-600 more than rent. If I can get a decent refinance next year it'll almost cost of rent. I say if you can afford it then buy. At least if you plan on holding the home for a while.
We also purchased a house last December, our house went from 410-435 as well, we started at 7.7 and were watching like a hawk to get refinanced at close to 6.7 before our buy down goes up next month
I don’t think the Fed reserve will be able to raise interest rates even if they wanted to. Donald Trump won’t allow it or heads will roll. Only the market can force rates to go up now. It won’t be from the Fed anymore, at least for 3 years up until Donald Trump becomes a lame duck
![Six Hundred Strike [EPIC: The Musical] Full Animatic](http://i.ytimg.com/vi/zov6NXIAuow/mqdefault.jpg)
Video title: Mortgage rates plunge. First statement in video: Mortgage rates went down a little bit. 😂
The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 130k to a decent 532k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
He mostly interacts on Telegrams, using the user-name,
@MiltonHarper
Milton Harper is among the best traders on the internet and I'll keep saying it every time.
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
We steadfast believer in Milton Harper because he is always right on the money.
Good video .but did I miss something? The rates are now at 6.9% for a 30 year fixed conventional? Wasnt that the same in summer? So there really wasn't a drop? What was it last week or last month?
Can someone please explain how Fed cut rates while mortgage rates up?
Love to see those yields go down! 🎉
"The debt is unsustainable" and yet we just re-elected Trump who promised to lower corp taxes again. How does this make any sense?
@@DougHughes-n6m you are one of those who think raising taxes on corporations increases tax revenue?!! That’s been debunked many times
@@trevanhatch8717 And you are one of the fools who believe trickle down economics is a real thing.
I close on a property in couple days. I am waiting to lock! Let’s go!!!!
Are u locking or waiting for next week, I close in a couple of weeks as well
@@ILovefightingforeverI think I’ll take the risk and float it until next week. Would love to hear what Dan says though.
@LVH100 thanks
Nice I'm floating I close in January
6.9 % enjoy that rate😢
Just buy at any rate folks.... 40 year mortgages are just inevitable
I am looking to do a modification currently at 6.62% any advice main concern lowering my 3k monthly
I don’t think the word PLUNGE means what you think it means.
Click bait. Don't like it, but understand it
Blah blah blah
Nothing going change
Debt too high
People should not keep waiting on purchasing a house…
Why do you think that is?
These kind of comments are dense.....Inventory is slowly inching up. Prices are flat or slightly correcting. A lot of markets are slowly getting into buyers' territory....I'm not going to say anyone should wait. But if you stood pat out of the craziness of 2021-2022. You have a better capture of the cost of home ownership. Ins sky rocketed. Plus taxes. Those who overbid got low rates, but recalibration of ownership cost went up in real time.
There's no secret sauce. Or magic blanket strategy. Right now is a decent time to buy a home now that there's negotiating leverage. The FOMO for low rates is filtering out.
Haha why would anyone buy now? Prices are way over the top. You could rent a home for $5K right now vice a mortgage of $8K for the same house and you don't have to worry about insurance or home repairs. It's way cheaper to rent then own.
I'm glad I went ahead and bought last November. I'd have been in a worse position to buy a home now. My home value has went from $415k to 435k already. My mortgage is around 500-600 more than rent. If I can get a decent refinance next year it'll almost cost of rent.
I say if you can afford it then buy. At least if you plan on holding the home for a while.
We also purchased a house last December, our house went from 410-435 as well, we started at 7.7 and were watching like a hawk to get refinanced at close to 6.7 before our buy down goes up next month
I would put the R*at 3% + or -.25%
Do you think with the few fed cuts next year the mortgage rates will come down ?
Seems too early to refi
6.9 is hardly low! Trump, Harris, Joe Blow, no one will help the debt is Too high. Nothing anyone can do with the debt this high!
15 basis points is not a plunge
Dis liked bc title says plunge which was just click bait
Will rates get to 5% in a 30 year fixed for a conventional and FHA loan?
Hell no
I don’t think the Fed reserve will be able to raise interest rates even if they wanted to. Donald Trump won’t allow it or heads will roll.
Only the market can force rates to go up now. It won’t be from the Fed anymore, at least for 3 years up until Donald Trump becomes a lame duck
I would put the R*at 3% + or -.25%