Responsible-Rip4366

Responsible-Rip4366 t1_je7ypew wrote

Correct. Also, big banks did this as a PR stunt to distract FDIC from imposing the majority of the coming deposit assessment on them. Lots of political pressure to make GSIBs pay the assessment to keep smaller banks from having to pay any of it.

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Responsible-Rip4366 t1_jdl27z8 wrote

Bro, 10 year has taken a nose dive. Mortgage rates are moving down into peak Spring selling season. Also, the vast majority of current homeowners have a 30 year mortgage (with tax deductible interest) that is below 4%. You can buy a T Bill today that pays more than that! Inventory of homes for sale will be paltry, as years and years of Gen Z and Millenials emerge from their parents basements looking to buy their first house.

Conclusion, home prices are at no risk of significant downside.

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