Maybe never. The Fed says inflation may be too low which just might cause mortgage rates to stop falling all together. Let’s take a look at what was said and how this will affect the economy and mortgage rates. Federal Reserve Governor Waller Speaks Out Fed Governor Waller released a statement. “I just think that…
When the Federal Reserve announces a rate cut—especially a 50-basis point (or half point) cut—many people immediately assume mortgage rates will follow suit and fall significantly. The reality is that they normally get worse. This may seem counter-intuitive, but when the Federal Reserve drops rates, it’s rather inflationary which is the enemy of low mortgage…
My mortgage rates forecast 2024 may not be what you’d expect, so buckle in. This is information coming directly from someone with boots on the ground experience along with some valuable insights and undeniable data. But how did we get here? In October of 2021, the mortgage markets tanked. I mean, it really hit the…
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