Talking stocks, trading, and investing in general

[venividivicibj]

It will be interesting to see how this impacts prices. If inventory keeps rising, there could be a big drop in price.

It’ll only be 75% overpriced instead of 100%?

 

[HRoi]

The Big Mac Index was a concept created by the Economist in the 80’s. Economics profs like to use it as a more fun way to teach concepts like inflation. You know, in like...college and stuff

 

[brokencycle]

The Big Mac Index was a concept created by the Economist in the 80’s. Economics profs like to use it as a more fun way to teach concepts like inflation. You know, in like...college and stuff

And people just learned about it here without going to college. Checkmate.

 

[HRoi]

****!

 

[lawyerdad]

And people just learned about it here without going to college. Checkmate.

Ok, Joytropicshouse.

 

[MrG]

A friend just sent me a local credit union's rates. 30 year mortgage at 2.375% for new purchase; 3.0% for refi

And I thought I was so cool when I got 3.375% on a refi from my CU earlier in the summer. I should have held out another month or so.

Wonder why the refi is higher?

Aren't they always? This was my first refi, but I got the impression that you always paid a premium over new.

That said, everyone quoted me .25%, which seems to have grown over the summer.

 

[Piobaire]

Sorry, never did a refi...I wonder if I took 100k out if that would count as a refi?

 

[MrG]

I'm not 100% sure there's always a difference, because was my first (and hopefully last) refinance, and I know things in the mortgage world are a little different right now than they are normally. However, it was definitely ubiquitous among the people I talked to a couple/few months back, and I didn't get any indication that a spread on a refi vs. a new purchase was something they'd added during COVID.

You're talking about a home equity loan, which would be a second loan with its own term. A refi resets the whole mortgage.

 

[Piobaire]

I don't have a mortgage, so technically, it would be new I figure.

 

[venividivicibj]

Which one of you wrote this?

 

[venividivicibj]

One article over, what a legend

 

[Texasmade]

One article over, what a legend

View attachment 1441393

Wtf? Somehow the call center punched him through without questioning if it was a prank call?

 

[venividivicibj]

Wtf? Somehow the call center punched him through without questioning if it was a prank call?

‘Does he sound old as ****? Alright, send him through’

 

[jcman311]

Sorry, never did a refi...I wonder if I took 100k out if that would count as a refi?

Yes. I (well, technically the wife and I) were recently looking at doing this because CASH! Well, that and a future kitchen remodel and a bonkers stock market. The rates are higher for cash out refinances but we have a close relationship with our mortgage broker and he's all like "Its still a no brainer because you can refi again in 6 months back down to a lower rate and with rates staying so low you would still be lower than your current mortgage." ?? . Of course, having that close relationship means they waive most if not all of the closing costs so it only ends up being like $500 to refi with them.

 

[beargonefishing]

Of course, having that close relationship means

I was kinda hoping this was going to go in a different direction. So much potential.