Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the Fed’s second rate cut. Today’s article is from CNBC “Mortgage rates surge higher on Trump victory, causing housing stocks to fall.” Post election we saw a slight rate bump, Trump’s campaign said they would give tax cuts and would put tariffs on imports, which initially would cause inflation. We don’t think the election played into the Fed rate cut, and going into December, we are still anticipating one more rate cut this year. There are so many things happening right now with the election, that it’s hard to predict if those factors will effect rates. These things just aren’t always predictable, but we as mortgage professionals should be prepared for anything.. lower rates, higher rates, refinancing… be prepared!
Listen in as we discuss this and more!
Listen in to learn about this and more!
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