Welcome back dreammakers! In this episode of “Today in Mortgages,” we talk about the wide-spread affects of interests rates. We look at an article from CNBC: “Weak manufacturing measures raise specter of U.S. economic slowdown”. Reports are showing the economy contracting due to lower demand. This is another indicator of what the economy is doing, and supports the fed rate cut we’ve been talking about the last few weeks. We are pretty certain a rate cut is coming, but by how much? That remains to be seen!
We as mortgage professionals should continue to pay attention to the economy and what it’s going on with the fed so we can help talk to our borrowers. Listen in to learn about this and more!
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