Barry and Zach are live with the latest in mortgages, real estate, finance, and everything else!

With a current Fed Funds rate of 525-550, CME FedWatch is now predicting for the 9/18/24 meeting:

a 61% drop to 475-500

a 39% drop to 500-525

That’s a complete reversal from last week when the market likelihood was 70% for 500-525 and only 30% for 475-500.

So what has changed in the last 7 days?

The 10 year treasury yield has pretty much stayed below 3.7% for the last two weeks. Are we due for a reversal or will it continue to trend downward?

Finally, we are now offering higher maximum conforming loan limits! $802,650 and lower for a 1-unit residence is now considered “conforming” and not a “jumbo mortgage”.

So visit www.townstone.com for a FREE 1 on 1 consultation for your next purchase, refinance, home equity loan, reverse mortgage, or home equity line of credit. We have the best rates, the lowest closing costs, and unparalleled customer service. See for yourself why we’re the #1 independent mortgage company for over 20 years.