12/14 Mortgage Rates Continue their Decline

Back in the 6 handle. Let's see if Buyers come back like hungry zombies as it's happened in the past. With the inventory of existing houses for sale still constrained this is great news for builders. With their Buyers incentives they can get rates down into the 5's. Party time and blue balls for those of us that were hoping to buy on the cheap. Those of you in Texas, how'd you enjoy property tax day? I'm hearing it was a rat fucking. No proposition 13 in the lone star state. Shet weather AND high property taxes? No thanks. By the way, no, I have never seen anyone shet in the sidewalk in Orange County.

Mortgage rates fell below 7% for the first time in months with experts believing more declines to come

11 comments

11 Comments

TEE

Dec 14, 2023

Wait until Gavan nukes prop 13. Homes get reassessed and your paying $20k/ yr for your bungalow in OC.

BigBallss

Dec 15, 2023

Replying to

The meteor hitting earth? I guess it will happen one day.

RWC

Dec 15, 2023

Replying to

Prop 13 has survived attempts to repeal or change it for 44 years.

BigBallss

Dec 15, 2023

Replying to

Damn right. Prop 13 is sacred.

Java

Dec 14, 2023

Market is going crazy. Wondering when to get out.

Java

Dec 14, 2023

Replying to

I have to take a bunch of losses in the next couple weeks and clear out some losers year end. Sadly I sold calls on them right before they ahot up. So I'll be selling coin. Which is at $144 right now. For about 88. Options can bite you.

On the other hand tqqq and lrcx have been like printing money. Even psec is above $6 and paying 11% dividend Too much good stuff.

Market always gets ahead of reality and I don't think reality is this good

TEE

Dec 14, 2023

Replying to

NASDAQ is still 10% below all time high.

BigBallss

Dec 14, 2023

Replying to

Yeah, take the hits now. They can't all be W's. An L here and there keeps us sharp.

My buddy and office mate had a great year buying options. But he's a dirty Jew and they all have inside info.

For the woke crowd, un bunch the thong in your crack, it's a joke he is a good friend.

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