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/biz/ - Business & Finance

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18666966 No.18666966 [Reply] [Original]

>interest rates went up for Navy Fed today.
>they rejected my mortgage loan application that I was previously approved for
That was a bitter feel I wasn't expecting.

>> No.18667346

>>18666966
damn bro. hope it goes ok. thanks for the update. these finniggers are dropping interest rates on M2 accounts simultaneously. fuckers.

>> No.18667406

Bro they just saved you from buying before the next housing market crash. You should thank them.

>> No.18667520

>>18666966
But did you get the camaro you were promised?

>> No.18667533

>>18666966
Check the digits, OP confirmed this world is hell.

>> No.18667737

>>18667406
Housing isn't going to crash in San Diego. The demand for it is too high and the supply is too low.

>> No.18667779
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18667779

>Going into debt to purchase an over priced asset in 2020
>WEWLAD!

>> No.18667855

>>18667737
Oldfag here, lived through two housing crashes in CA. They said the same fucking things before both crashes. "It's different here" - until it isn't, which is right fucking away.

I remember houses in the wealthiest areas in CA get their prices cut in half.

But you keep thinking you know things. If the housing bubble pops - which it needs to but holy fuck it's gonna fucking hurt - it's gonna pop HARD in CA.

>> No.18667961

>>18667737
>CA
I take everything back that I've said.

>> No.18668054

>>18666966
Peter schiff has been saying for years that interest rates are going to have to come up

>> No.18668117

>>18666966
>navy fed
>interest rates
You on a VA loan? If not shop around man, you’ll be okay. If you are then please tell me how they fucked that up.

>> No.18668253
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18668253

>>18667779

>> No.18668668

>>18668054
>Peter schiff has been saying for years that interest rates are going to have to come up

They tried in 2017 and everything started falling apart, now we're at zero. They might come up half a point, maybe 1 point, then we'll go negative, and people will pay it. Things won't go to shit immediately, and people will pay 1 or 2% to make sure they get the rest of their money back when the rest of the world is falling apart.

>> No.18668872

>>18668668
LOL, another smooth brain who thinks the negative intra-bank lending rates are home mortgage rates. Or commercial loan rates. Or any rates outside of the banking system, lol.