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Chi67

(1,285 posts)

1. Agreed

Reply to Paper Roses (Original post)

Fri Jul 7, 2023, 04:47 PM

Jul 2023

Thus shit needs to stop. I would love to buy a condo in the next year, but I can't til interest rates come down.

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Another Interest Rate hike. Just heard on the news. Yes, I'm angry. [View all] Paper Roses Jul 2023 OP

Agreed Chi67 Jul 2023 #1

I'm no economist and couldn't start to explain SharonClark Jul 2023 #2

They are trying to slow down the economy to curb inflation, and it is actually JohnSJ Jul 2023 #3

Raising interest rates rownesheck Jul 2023 #4

Just about every economist SCantiGOP Jul 2023 #11

Killing investment interest rates NewHendoLib Jul 2023 #5

To cut money supply and dampen inflation. It's working. marble falls Jul 2023 #6

It's correlated - inflation has been going down while interest rates have been going up, but... Silent3 Jul 2023 #36

The trick is to keep it from going into recession. The Fed meets often and discusses it thoroughly.. marble falls Jul 2023 #38

I thought reverse mortgages pay you. Mosby Jul 2023 #7

Yeah, my first thoughts.... AZ8theist Jul 2023 #9

I don't believe a word that the reverse mortgage sellers utter. JanMichael Jul 2023 #12

Agreed AZ8theist Jul 2023 #15

They can be great when used wisely. A moonscape Jul 2023 #29

I think reverse mortgages are the best way to give your inheritance to the bank. airplaneman Jul 2023 #31

This message was self-deleted by its author CountAllVotes Jul 2023 #40

The interest rate increase eats up moonscape Jul 2023 #28

short answer is that inflation is still too high stopdiggin Jul 2023 #8

Without the rate hikes SCantiGOP Jul 2023 #10

Interest on the National Debt is spiking too. Frasier Balzov Jul 2023 #13

Fed SPECIFICALLY wants unemployment to rise... It's sick JCMach1 Jul 2023 #14

Powell does, who by the newdayneeded Jul 2023 #25

I dont think interest rate hikes is the solution to inflation. honest.abe Jul 2023 #16

Interesting inthewind21 Jul 2023 #18

Post removed Post removed Jul 2023 #19

Inflation is too hgh Progressive dog Jul 2023 #17

Inflation was a lot higher in 1979-1983.... DemocraticPatriot Jul 2023 #33

Sometime during that period Progressive dog Jul 2023 #39

It doesn't hurt people with debt Zeitghost Jul 2023 #20

where are you hearing this? I just checked multiple news sites and google and nothing about a rate Takket Jul 2023 #21

If you listen to or read financial/economic news the Federal Reserve is all GoodRaisin Jul 2023 #37

Very sorry. I think problem is that inflation hits food, affordable houses, health Silent Type Jul 2023 #22

What a lot of others have said, it slows down the economy and reverses inflation. Xolodno Jul 2023 #23

What you heard is that another rate hike is *anticipated* when the Fed marybourg Jul 2023 #24

It's not being done by Biden. W_HAMILTON Jul 2023 #26

THIS calikid Jul 2023 #27

Powell is not a holdover. former9thward Jul 2023 #32

+1 CountAllVotes Jul 2023 #43

Don't Think It's Needed ProfessorGAC Jul 2023 #30

If you took some kind of "variable interest rate" on a reverse mortgage, DemocraticPatriot Jul 2023 #34

The Fed increased the money supply by about 50 percent during the pandemic. roamer65 Jul 2023 #35

My thoughts CountAllVotes Jul 2023 #41

Hasn't happened yet, later this month, July, so say the experts, then, maybe one more this yr Shanti Shanti Shanti Jul 2023 #42