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Welcome back dream makers, today we are discussing what the fed will come up with in their meeting today. We hope they are discussing a rate cut and if so, it likely won’t be before September. CNBC’s article “The first Fed interest rate cut is on the horizon. Here’s what homeowners, buyers need to know.” The crux of this article says that some of these rate cuts we are anticipating are baked into the market value. We are down a full percentage rate since October 2023 (the high point), and a lot of buyers from that high point are already asking about when they should refinance. Even if the fed is not actively changing their rate, there is a lot of variance in the street rate. We all look forward to hearing from the fed after today’s meeting! As mortgage professionals we need to be prepared to help our buyers looking to refinance this fall. Listen in as we discuss this and more!

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