There is no shortage, but there is a huge disruption in the supply chain, and yes increased instability in the market and speculation on its future. Both drive prices at the pump. Whats happening now is much more complex than The blanket “effin oil companies”
Picked a great time to switch the wife from an Edge to an F-150 as a daily (granted, only about a 1mpg difference) and V8 Mustang.
I live 7 miles from work. I'd probably still daily it if it got 5mpg 'cause it's so fun to drive and the attention it gets. :classic_cool:
Same with me and a diesel! Thank God my wife and I have a zero to 10 minute commute.
90 miles a day on the trailblazer was not friendly to my bank account. Did that for about 4 months and found the Buick with 2.4 DI Ecotec motor (Class 10 motor) and now get 32 MPG and save about $300 a month.
Doesn't matter how sharp he or anyone may be, we really don't have control of what the market may or may not do. It can be changed within a day for any stupid reason. Like the last time they flat lined was due to a pandemic. Who saw that coming? Anyhow, I'm in the business too and really despise lenders making opinions on what's to come. Especially when it's for his financial gain. If you're in the market, just jump in! Waiting is only delaying what you're trying to accomplish.
Yep, A crap shoot for sure. Many have been saying 4% by end of year but we did hit that this week. https://www.forbes.com/advisor/mortgages/mortgage-interest-rates-forecast/
Let's keep in mind 4% was also pre-pandemic and is still very low relatively speaking. 5% who cares! We've been conditioned to the pandemic rates of 1.99% ohhhh wow ok, I don't see that happening again. It was only for like 3 weeks anyway on like a 15yr loan with point paid for blah blah blah. Just do what's best for you. I laugh at people when they freak out about 4%. LOL
Our vet did "no contact" visits. Drop off only. When they ditched that sht I took one of my Rotties in for a check up. The tech checking him out and doing paper work had no mask, no problem. The doc walked in with a mask, well, he wasn't greeted well by my 140lb fella....hahaha Then my poor guy had to wear a mask (muzzle) for the rest of the visit.
I get your point but.... I do have a lot of buyers now priced out of the market. It is only getting worse and less and less people can afford homes. Stupid high prices now on real estate plus inflation on goods and higher fuel prices will only make it worse. I say many people will care. We shall see.
im working on a refi of a 30 year loan that i am 7 years into. doing a refi at 3% 15year to shave off 8 years of payments at $3k per month, thats a savings of $192k in payments.
Sure it was but look where the median was back then.
