r/wallstreetbets • u/abishop717 • 1d ago

Discussion 5 rate cuts 😮

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u/superhappykid 1d ago

Nice, enjoy that 1.25% Rate cut when you buy your $1600 iphone.

-1

u/Cropitalist 1d ago

I’ll save $40k on a mortgage over a $300 markup on a phone every 4 years.

1

u/givemethemtendies10 1d ago

Do you honestly think that the savings on your mortgage will out weigh the price inflation of every single one of your expenses? I mean at most you'll be saving a couple hundred bucks a month on your mortgage. But property taxes and insurance will probably go up. Household supplies and food will go up. Not to mention you would most likely have to refinance which comes with costs as well.