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I saw 5.5 today
I locked 4.375% today because of this.
Really? Share plz. What's your credit score?
The punch bowl is being taken away and not only that but they’re slowing down/stopping their asset buying (QE). Buckle up, it’s going to get rough.
Mentor
Associate 1: explaining like you’re five:
There’s a bake sale in your school. Each cookie costs $1. Nobody brought money. This means no student gets cookies, and none of the bakers make money. So the school lends a dollar to each student. Now students have money and they each buy a cookie. The students are happy because they’re all getting cookies, and the bakers are happy because people are buying their cookies. Then one day, a student is like “waaait…can I borrow $10,000?” and the school is like, “sure!” So the kid borrows $10,000 and buys a shit load of cookies. All the other kids are like “holy s, that’s a great idea!” And they all borrow $10,000. The bakers are like…uh, our consumers have so much money, we should raise the price of our cookies. So now the cookies don’t cost $1….now they cost $1,000 each, and the students happily pay it because they have so much money. That’s called inflation. The school is like…oh f, now new students can’t afford cookies. We gotta stop this. So the school stops lending out $10,000. They start charging more so people are discouraged from borrowing $10,000. The hope is that if the school doesn’t give a student $10,000, that the price of a cookie won’t keep going up