FED set to cut rates?

Today in Mortgages

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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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.
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.