What happened to all the work? No orders, no refi, no foreclosures, no purchases,

[Fernando]

Transitional inflation

It was politics to calm the little people in not panicking. And it worked at that time.

 

[Carnivore]

The Treasury Secretary doesn't set interest rates.

True! I stated that wrong. below is what I read

https://www.globest.com/2024/03/14/janet-yellen-says-rates-will-be-higher-for-longer/?slreturn=20240319164937#:~:text=It's “unlikely” that market interest,that were published by Bloomberg.

 

[IlliniApp]

lol she is secretary but it seems like Jerome Powell, the head the Fed Reserve calls the shots with interest rates , he is a disaster (Trump appointee, ) and has been since day one, just awful - he had de rates way too low then left them like that for too long, now he clings to an out moded goal of 2% inflation and punishes every ne with his stupid higher rates to get there - the world has changed that 2-3 % goal is absurd, at least for a few years, he should make a realistic goal.

I never liked the fed "solution" to higher rates of wrecking the lives of working people in order to lower rates to see unemployment rise to do it-------------

I agree that it always pissed me off that Powell was calling for wages to go down. I don't think Powell is great but Bernacke and Greenspan were worse IMO.

 

[IlliniApp]

It was politics to calm the little people in not panicking. And it worked at that time.

No

 

[Fernando]

No

Transitional has different interpretations. I knew it was a ambiguous word for transitioning to long term inflation.

 

[Dublin ohio]

Jerome Powell, the head the Fed Reserve calls the shots with interest rates , he is a disaster (Trump appointee, )

(Renominated by Biden)

 

[Sandra Koutsopoulos]

(Renominated by Biden)

Case of Dumb and Dumber

 

[Sandra Koutsopoulos]

If I were a betting person, I'd bet that interest rates will dip in Sept or Oct... just before the election.

 

[Charles West]

Transitional has different interpretations. I knew it was a ambiguous word for transitioning to long term inflation.

Yellen is a academic, a byproduct of the teachers lounge mind set. She believes in modern monetary theory or New Keynesian Economics which suggests government spending isn't inflationary even though Austrian theory has shown government is the only source for long term inflation. She thought inflation was transitory because of the pandemic supply demand imbalances, a temporary phenomena that turned out to be more or less permanent. Now she is financing deficit spending with short term paper which is about as risky as it gets in a rising rate environment.

 

[gorillakimchi]

Honestly, I'm surprised by the lower than low fees being snapped up within seconds of a broadcast appraisal rate/TT request. Sad.

And of course that just encourages the batards to keep fees low... and then go even lower.
Remember when we used to knock on doors to solicit work from loan officers and originators? The reward was creating relationships where they would think of us first before sending the appraisal order out into the wilderness because they knew our work, and that no matter what- or where the property was, we'd do the tough ones and not just the easy ones. It's time to knock on doors again, pick your niche, become the 'expert' in that niche, and let your potential customer base know YOU'RE THE GUY to get the job done!

I really wanna know how much those mustard actually bid in my area. I wish I have friends in AMC lol