well, you know, the american dream of own shich, the federal reserve, if they continue to raise interest rates, is going to kill that dream. very unfortunate. my forecast for potential 8% is based on what the fed may be doing. however, if the fed suddenly says inflation is trending down, things are beginning to come down, there is no need to raise interest rates, i think that the mortgage rate could see lower levels even closer to 6% by spring of next year. so it all depends on the fed. right now, the renters or first-time buyers extremely frustrated. yeah. tlnd there is a big difference between 6% and 8%. you know, a few short years ago rates were closer to 3%. i often hear and sometimes often think, i wish we were back at those days. those were historic lows. do you think we ever get to those 3% levels again, or is
biden if it is not continuing on this road? biden if it is not continuing on this road? ,, ., this road? i think for them, the roof is this road? i think for them, the proof is in this road? i think for them, the proof is in the this road? i think for them, the proof is in the pudding, - this road? i think for them, the proof is in the pudding, and - this road? i think for them, the proof is in the pudding, and if. this road? i think for them, the i proof is in the pudding, and if they saw inflation largely going down, it is trending down, but it still seems to be a little stubborn and sticky, and at that point the fed could stop increasing rates and they could see mortgage falling. the us economy is not quite as sensitive to mortgage rates as the uk is, because most people have fixed rate long term mortgages, but still if you re trying to get in on the housing market is very expensive and difficult, and i think as well, we have been told over and over again that inflation, recess
president has to worry about. i think we are going to see some changes in the cabinet, we are going to see people, some fresh faces to come in and try to give a different image, if not a different set of policies to what has effectively been the policy posture of this particular government. inflation has been about 47%, 48%. if you look at the trend, it is trending down, but it is still very, very high, you know, if you compare it to the last 20 years. and what is important, i mean, you look at the lira for example, it has been steady the last couple of days, i think the markets have priced that it will be for the president, yes. japan s nikkei is up by more than half a percent, almost close to 31,000 level, one of the most highest levels in 30 years or so, but investors continuing to watch the weekend and that debt ceiling
i think we are going to see some changes in the cabinet, we are going to see people, some fresh faces to come in and try to give a different image, if not a different set of policies to what has effectively been the policy posture of this particular government. inflation has been about a7, 48%. if you look at the trend, it is trending down, but it is still very, very high, you know, if you compare it to the last 20 years. and what is important, i mean, you look at the lira for example, it has been the last couple of days, i think the markets have priced that it will be for the president, yes. japan s nikkei is up by more than half a percent, almost close to 31,000 level, one of the most highest levels in 30 years or so, but investors continuing to watch the weekend