Mortgage rates and the housing market

[Jay Bee]

Seems I struck a nerve.
Huh.

THEY are sensitive.

[rocky_warrior]

Seems I struck a nerve.
Huh.

I think we've all resolved some issues this evening. Lol.

[rocky_warrior]

THEY are sensitive.

Still insecure.

[Jay Bee]

Still insecure.

Not at all. The FBI shall protect me!

[rocky_warrior]

Not at all. The FBI shall protect me!

Indeed. They will.

[Uncle Rico]

Today's reminder that HOAs suck.

At the start of the coronavirus pandemic, David Martin took a water cooler and placed it on his driveway in front of his Goodyear, Ariz., home. He filled the cooler with water bottles and ice and told anyone who passed by to take one.

It was just a small gesture to help his neighbors during a hard time, Martin told The Washington Post. He decided to keep it going, and the cooler, with Martin’s offer of free chilled water, has sat outside his garage ever since. His neighbors have gratefully obliged. So have delivery drivers, dog walkers and passersby playing basketball at a park near his house, especially this summer as southern Arizona scorches under a record-breaking heat wave.

The only objection, Martin was stunned to discover, came from his homeowners association.
]In April, Martin’s HOA began fining him and his wife for violating an association rule to store items out of view, according to Martin and letters Martin shared with The Post. It increased to hundreds of dollars in the following months. The group, whose complaints were first reported by AZFamily, threatens to continue fining Martin until he removes his water cooler, he said. He refuses to pay.

https://www.yahoo.com/news/beat-heat-arizona-man-offers-135053920.html

Assume Rocket is the head of this HOA

[MU82]

Solid but not spectacular jobs report this morning pretty much confirms a Fed cut later this month, which eventually should push down already-falling mortgage rates. A .50 cut would really help the housing market, but .25 appears to be more likely.