Thursday, August 25, 2016

This is what I feel about an interest rate hike.

Key mortgage rate holds below 3.50% for the longest stretch in nearly four years.

I believe interest rates were about 4% ish when the Fed raised rates in Dec. They have been down in this range for longer than I can remember. At points even a smidge lower.

I'm not going to bet they aren't going to raise rates. I believe they are going to burn this shit down before they leave. What do they care if the banks go bankrupt. Oh yeah. Banks can't do that. I don't even know how banks are making money now.

The only thing is that pesky election. I've never thought they would raise in an election year. But honestly, inflation pressures ~are~ really building up.

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