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Markets are down so what about mortgage rates?
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It’s been pretty rough across markets the past week beginning with the jobs report at the start of August. While the news been negative and the outlook for the stock market is pessimistic, there might be a silver lining as it relates to mortgage rates.
Prediction markets have greatly increased the chances that rates get cut by 50 bps in September, which will be welcomed news for homebuyers. Will mortgage rates follow right behind or will we see rates drop even sooner?
Today we’ll discuss the latest moves from the Federal Reserve, the future of rate cuts, and how to navigate the homebuying process in these uncertain times.
Here’s what we discuss in this episode:
0:00 – Intro
0:52 – What the Fed is seeing
3:00 – Rate decreases accelerated?
5:49 – Recession
7:25 – Mortgage rates
10:14 – What we’re watching
CONTACT:
Schedule a time to meet with Bill here: https://calendly.com/blitton/
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/
Call: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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