Should I wait and apply for auto loan tomorrow or the rate is already priced in?

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The average Consumer is about to get a lot weaker in q1 of 2026. After a lengthy pause, the federal government officially resumed collection activity on defaulted loans in May 2025. The rate of student loan balances entering serious delinquency (90+ days past due) was 12.9% in the second quarter of 2025—the highest rate in 21 years.  The Federal Reserve Bank of New York reported that 10.2% of total student loan debt was 90 or more days delinquent in Q2 2025. For most federal student loans, default occurs after 270 days (about nine months) of missed payments.  Default triggers more serious consequences, including wage garnishment, offsets of tax refunds and federal benefits, and loss of eligibility for future student aid. 

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That's the only thing they can do. At least mortgage and loan rates will come back down hopefully

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my 2016 loan was processed by LDI. They were popping a few years back. The only play here is centered around rate cuts potential and hope that people will get back to buying/refinancing.

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OPEN popping because of rate cut hopes and it's a Chinese POS. Loan Depot has better financials and it seems logical that due to the same rate cut potential this thing would go up.. at least the IV would spike before the meeting regardless if JPOW cuts or not.

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I read this news yesterday but my date is 01/2027, also $300P, 1 single lotto contract. Burned by this stock before shorting it so only lotto position for now. I think it's just a matter of time DriveTime burst and can't buy out bad loan from Carvana, or SEC steps in but I doubt the latter case.

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doesn’t a rate cut mean less interest revenue for “LOAN” depot or am I wrong here

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My bank rejected my loan request to buy 0DTEs

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Me no smart. Loan shop empty, but maybe soon, loan shop full. I will buy 1 ticket. Monee masheen go beep boop.

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it's a fucking loan originator

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