😎 Commenter: Anonymous September 20, 2025 at 9:36 PM
"Since you went there, it’s easy for anyone to determine if we are in a rising or declining environment based on whether rates are actually moving up and down. So LA knows that, and so does anyone in the free world that tracks rates."
✅ Look at the graph one more time...
Federal Reserve Graph of 10-Year Treasury Note
...which is generally used as a base to set home mortgage rates.
Good bit of snarking in the comments [see here if you have some time to waste!] on whether LA actually has its act together on predicting interest rates. Common sense tells us they have no such ability or they would be sipping a margarita on the beaches of Jamaica, rather than working. Wouldn't you, if you could?
If as many commenters state "ARMs are better in a declining rate market", take another glance at the FED chart above. If you take the "kinks" out of the chart, here's how it looks:
Sure looks like a declining rate market!
😎 The data says there has been a declining rate market for over 40 years - difficult to say exactly what "LA knows"! There is, of course that upward "kink" over the last 18 months. If you haven't been paying attention, the President - and now the Fed! - have pledged to fix that by lowering rates.
Jamaica could be the new meeting place for the board ...
ReplyDeletethem pesky members won't be able to bother them ...