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by czinck 3842 days ago
Not really, any long term fixed rate loan had this priced in for months. In fact, the FNMA 30 year interest estimate is slightly lower now than when it opened, opened at 3.040% and is currently at 3.019% (sorry, no internet source available for that or I'd link it). The question this morning was if they were going to raise the rates today or next quarter and by how much, not if they were going to.

Edit: It's now moved up to 3.048%, but either way, my point is that whether you closed on a long term fixed rate loan yesterday or today doesn't really matter.
1 comments
danieltillett 3842 days ago
The fact that we can borrow at 3% for 30 years and we don't use this to invest in productive infrastructure assets is insane.
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encoderer 3842 days ago
Who is we? The federal govt can borrow at far lower rates than 3%.
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Renevith 3842 days ago
Not for 30 years. In fact, as of yesterday 12/15, the 30-year treasury rate was exactly 3.00%.

https://www.treasury.gov/resource-center/data-chart-center/i...

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encoderer 3841 days ago
Great link, thank you!
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danieltillett 3841 days ago
We the people.

I was being a bit generous with the we bit since I am Australian, but the same thing applies to our government too. My state just sold off a hugely productive piece of infrastructure (electricity poles and wires) to pay down debt. The crazy thing is the infrastructure returned twice as much per year in dividends than the interest on the debt retired.

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