Welcome back dream-makers! This is “Today In Mortgage!” and we’re breaking down the Fed’s latest meeting with help from today’s article from CNBC: “Fed recap: Powell shoots down March rate cut.” This is not what we all wanted to hear: the fed was reliably “noncommittal” about future rate cuts. They may be holding out on rate cuts because consumer prices are still high. However, unemployment is on the rise which will help lower inflation.
As mortgage professionals we need to be knowledgeable and prepared to help our borrowers make wise borrowing decisions. Listen in as we breakdown todays news!
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