r/wallstreetbets • u/abishop717 • 1d ago

Discussion 5 rate cuts 😮

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u/superhappykid 1d ago

You have a $4 mil mortgage?

-29

u/Cropitalist 1d ago

$300k mortgage saves over $80k over 30 years going down 1.25%.

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u/SpezIsABrony 1d ago

Not for all the people who refinanced during covid and haven't bought a new home since.

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u/YoungXanto 1d ago

Yeah, bought in 2018, refid in 2021 for 2.37 on a 30 year.

I am looking forward to lower rates so that I can take out a home equity loan and throw it all in a margin account and gamble on 0dte puts though.

1

u/SpezIsABrony 1d ago

Why gamble on 0DTE puts when you can confidently invest with 0DTE puts?