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Average long-term U.S. mortgage rate reaches 7.49 percent, highest level in over two decades (www.pbs.org)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 1 year ago (2 children)

Can anyone explain to me if this is good or bad?

If you’re looking for a house, I think this is bad because the rate is crazy high and your monthly payment is gonna be nuts until rates drop and you can refinance.

For everyone else, it means The Federal Reserve has raised interested rates enough to at least stave off some of the consumption in the economy.

Should the Fed lower rates to start promoting growth again?

[–] [email protected] 2 points 1 year ago

Government austerity is never a good thing. There are lots of ways of fixing inflation and governments everywhere chose to fuck over their own populations. The IMF is a disease.

[–] [email protected] -2 points 1 year ago

The other side is, CDs (cash deposits) are now worth investing again. I've been pulling money out of stocks and into CDs and precious metals. I think we're going to get hyper inflation as we cut off half the world's resources and tech demands soar in combination with ripping another hole in our wallet to fund the burn pit of :ukkkraine: