Tell me what you see in this chart. How much lower can you go than 0?

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May 21, 2019
9:45:58am

grosven All-American

Tell me what you see in this chart. How much lower can you go than 0?

Federal Funds Rate - 62 Year Historical Chart

Shows the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate.

https://www.macrotrends.net/2015/fed-funds-rate-historical-chart

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grosven

Bio page: grosven
Joined: Aug 13, 2009
Last login: May 8, 2024
Total posts: 13,281 (41 FO)

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Messages

Author

Time

Best tips on buying a house?

conetah

5/20/19 11:27pm

Find one you like, in an area you like at a price you can afford. Easy as that.

pink22

5/20/19 11:30pm

1. Get a good deal; 2. Get a no cost mortgage; 3. Refi in 6 months to avoid PMI.

5/20/19 11:31pm

4. Buy a little less than what you can afford.

5/20/19 11:32pm

Ways to refi out of PMI cheaply?

Florwood

5/21/19 6:47am

I would probably cost and you on number two and number three.

grandpacoug

5/21/19 8:24am

You are wrong. Of course the no cost mortgage closing comes with a higher rate,

5/21/19 2:27pm

Buy the cheapest house in the best neighborhood you can afford

Run-DMT

5/20/19 11:32pm

Where do you find the cheapest house?

conetah

5/20/19 11:37pm

About the repairs: Hire a home inspector.

realtall

5/20/19 11:58pm

you can't hire your own appraiser if you are obtaining financing from an

grandpacoug

5/21/19 8:20am

Ironically psychology tells us to do the opposite...have the nicer home in the

runnincoug

5/20/19 11:42pm

Save until you have 20% to put down.

realtall

5/20/19 11:35pm

Or do what I said a few posts above. If you get equity right away, you can refi.

5/20/19 11:37pm

This works best with. Foreclosure

Pretorian

5/21/19 4:58am

This is what I did

5/21/19 12:23am

I just didn't want to pay for those years of PMI.

realtall

5/21/19 12:36am

I get it. I just found the equity raised so much

5/21/19 1:04am

This only works if you can easily afford the mortage

BigT801

5/21/19 9:19am

That’s valid, I agree

5/21/19 9:28am

First make sure it’s a house you and your spouse both like

Josef K

5/20/19 11:39pm

There aren’t many good deals today...

grosven

5/20/19 11:48pm

You think there will be a time in slc where property goes down in value?

conetah

5/20/19 11:53pm

RE: You think there will be a time in slc where property goes down in value?

tippmancoug

5/20/19 11:55pm

'correct itself' implies prices are over-inflated.

Dissenter

5/21/19 5:27am

Me neither. Still plenty of demand on a limited resource

conetah

5/21/19 7:30am

It’s good to be aware of fear of missing out

grosven

5/21/19 7:48am

interest rates can't go much lower? Did you miss the past 10 years?

Dissenter

5/21/19 9:14am

Tell me what you see in this chart. How much lower can you go than 0?

grosven

5/21/19 9:45am

RE: There aren’t many good deals today...

tippmancoug

5/20/19 11:53pm

Zillow allows you to search based on school boundaries

Thrill

5/20/19 11:52pm

Build your house. Don’t hire a builder, just watch HGTV and have at it.

Y2k

5/20/19 11:57pm

Lol. I want to build badly. Cost of building is way high right now.

5/21/19 12:02am

Where, Utah?

Heinz57

5/21/19 12:20am

No. Idaho falls.

5/21/19 12:33am

There is, be your own general contractor and save the 30%

volleyjiver

5/21/19 6:57am

I built a new home every two years while living in S.G. as the owner builder

grandpacoug

5/21/19 8:18am

The way I did for my two homes

Heinz57

5/21/19 11:38am

Never buy in the late stages of a bubble. Millions were

MatthiasG

5/21/19 12:59am

Can someone cause a recession for me? I’m tired of waiting for one.

conetah

5/21/19 7:37am

Beyond getting an education, buying a foreclosure is the best financial decision

Pretorian

5/21/19 4:57am

Don’t get emotionally attached to a home. It will cause you to

5/21/19 5:23am

I would worry about where you want to live and what you can afford, everything

gww687

5/21/19 5:50am

We made a mistake the first time around and bought what we could afford instead

cougarfan87

5/21/19 12:12pm

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