stock market was up today...

#9,553
#9,553
Velo Vol said:
How do you figure the bad news is "priced in"?
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Because brands, customer lists, equipment, systems, patents and other forms of IP, real estate, and other components of businesses still have value even if sales are paused. A 30% decline in value equates to a much greater than 30% decline in annual sales.
 
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#9,554
#9,554
As I said before, I’m buying a house in the next several weeks.

Should I expect mortgage rates to fall more? I don’t know how the announcement this morning by the fed to open the checkbook to the bond market will affect it. I’m hearing this should drop rates more?
 
#9,555
#9,555
rjd970 said:
As I said before, I’m buying a house in the next several weeks.

Should I expect mortgage rates to fall more? I don’t know how the announcement this morning by the fed to open the checkbook to the bond market will affect it. I’m hearing this should drop rates more?
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I don't know how they could drop much lower, the lenders have to make some money off the loans and under 3% there isn't much to be made.
 
#9,556
#9,556
hog88 said:
I don't know how they could drop much lower, the lenders have to make some money off the loans and under 3% there isn't much to be made.
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I have shopped yet, but what I’m seeing online and from friends in the industry they are above 4% as of last week. My current mortgage is 3.75%.

I’m putting around 40% down and my credit score is above 800, I’m hoping to get a rate closer to 3% than what I’m paying now.
 
#9,557
#9,557
rjd970 said:
I have shopped yet, but what I’m seeing online and from friends in the industry they are above 4% as of last week. My current mortgage is 3.75%.

I’m putting around 40% down and my credit score is above 800, I’m hoping to get a rate closer to 3% than what I’m paying now.
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If you're planning on doing something I'd do it now. We are doing a re-fi and got 2.78% on a 15 year, should close next week.
 
#9,558
#9,558
hog88 said:
If you're planning on doing something I'd do it now. We are doing a re-fi and got 2.78% on a 15 year, should close next week.
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I’m building and still more than 60 days out, but I should be approaching that 60 days soon. I’m looking at 30 year fixed, 15 year fixed, and I’m flirting with pulling back the down payment to 20% and going back into the market. Lots of moving pieces and uncertainty at the moment. It’s hard to decide what to do but I don’t want to lose an opportunity like this with the market bottoming out. If I get a rate low enough it’s going to be hard not to put my money in the market instead.
 
#9,560
#9,560
rjd970 said:
I’m building and still more than 60 days out, but I should be approaching that 60 days soon. I’m looking at 30 year fixed, 15 year fixed, and I’m flirting with pulling back the down payment to 20% and going back into the market. Lots of moving pieces and uncertainty at the moment. It’s hard to decide what to do but I don’t want to lose an opportunity like this with the market bottoming out. If I get a rate low enough it’s going to be hard not to put my money in the market instead.
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We're remodeling the entire first floor so we've been saving up but when I saw rates as low as they are I thought better about using my own cash. Pull some cash out of the house and invest mine.
 
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#9,561
#9,561
rjd970 said:
I have shopped yet, but what I’m seeing online and from friends in the industry they are above 4% as of last week. My current mortgage is 3.75%.

I’m putting around 40% down and my credit score is above 800, I’m hoping to get a rate closer to 3% than what I’m paying now.
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Mortgage Rates actually went up the other week.

They’re tied to long term rates. Not impacted by the Fed Funds Rate.
 
#9,569
#9,569
Thunder Good-Oil said:
Because brands, customer lists, equipment, systems, patents and other forms of IP, real estate, and other components of businesses still have value even if sales are paused. A 30% decline in value equates to a much greater than 30% decline in annual sales.
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They're only worth what buyers will pay.
 
#9,570
#9,570
rjd970 said:
Geez. Adjusted for inflation I wonder how low this is historically?
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Non-adjusted it's at 2001 levels.

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#9,572
#9,572
rjd970 said:
Geez. Adjusted for inflation I wonder how low this is historically?
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It was around -1 at end of 2018. It’s a refining margin, so it’s going to be maybe $5-$20 normally.

Basically the signal is going negative because the refineries need to turn down. No gasoline demand. No jet fuel demand.
 
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#9,574
#9,574
NorthDallas40 said:
This might be a big week for me. I’m sitting on a big chunk of money trying to decide when to get back in. At 15,000/1,900 that’s a 50% pull back. That is a rarity for buying opportunity. If it hits that I don’t see how I can’t put about 50% of my cash in and then hold back and watch and see on the rest. If it goes down a big chunk more then roll the other 50% in and let it ride. If it wallows around for a while wait until the ride back up then back in.

It was initially thought this would be a “sharp V”. If this drags on for four more weeks I don’t see how it can just pop back up.
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Yeah, but where do you go with it? Index ETFs? UT season tickets?
 
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