Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about whether economic headwinds are reducing our opportunity for rates cuts in 2025. We are anticipating a rate cut tomorrow, which is widely expected and will likely not cause any change to mortgage rates.

Today’s article is from Yahoo Finance “The Fed could be on the verge of ripping up its rate script for 2025” which was to continue reducing the Fed fund rate. Its been skewed because CPI hasn’t budged around the 2.7% mark, instead of the 2% they’ve been wanting to see.

Rates effect our business but we’ve learned to look beyond them. People still have to move, especially for job and family changes. Redfin predicts 10% increase in home prices next year. We are training our people on how to handle this economic cycle we are in. Listen in as we discuss this and more!

Listen in to learn about this and more!

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The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.