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Personal Finance Topics / Macroeconomic Trends and Risks❤
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Author: richinmd   😊 😞
Number: of 555 
Subject: Re: No Fed Cuts this year?
Date: 06/02/2024 8:54 PM
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Elsewhere someone was talking using language like "when" and not "if" when referring to interest rates (mortgages) getting back to 3-4%. My response was that rates that low is not standard in history but just something that recently occurred (along with the exceptionally rare ~2% rates).

Interest rates during my lifetime have generally slowly dropped from a peak near the end of my high school days around 17% down to the bottom around covid starting.

To me it seems like the current rates are fine. Sure if you are buying a house you'd like much lower rates but that isn't a guarantee to happen.
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