| tmrand - 6/19/2025 23:28
Low interest rates drove up the price of everything. That includes homes, cars, and land.
The economy is in a strange place..............and I don't think any of us are smart enough to truly know how to unwind the financial mistakes our govt has made during the last half century.
Definitely, agree with others, mortgage rates should never of gone below 6%. I remember a time I was just giddy having renewed my mortgage for 10%. We spent way too many years with bank savings rates at less than 1%, hard on seniors with fixed rate incomes. Glad to see that most of us are on the same page, to bad that the governments can’t see this and keep kicking the can down the road while spending money they don’t have. This is true for many countries.
Edited by Sasksodbuster 6/20/2025 00:05
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Interest rates and Powell
