Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about what we can expect with the next rate cut. There is another fed meeting later this week, and CBS News’ article asks “What will happen to mortgage rates after this week’s Fed rate cut?” We are all expecting a 25% basis point rate cut, but unfortunately that is already applied to most mortgage rates, which is why we haven’t seen a drop in mortgage rates. We don’t think the rate cut will effect mortgage rates, but the election might. As the economy continues to grow and be as hot as it is, rates will likely stay elevated for longer. Hopefully that changes in 2025.
As we talk to our borrowers about rates and where the market is going, just continue to do your research, and provide them with the latest information.
Listen in as we discuss this and more!
Listen in to learn about this and more!
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