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Bye Bye Olympics, Hello FedWatch!
AND Barry and Zach are LIVE again!!!
The Olympics came to a close this weekend with Team U.S.A dominating the total medal count! That closing ceremony and subsequent “handoff” to L.A. was interesting to say the least…
Mortgage rates are back in the news as the 10-Year Treasury Yield has held below 4% for the last 2 weeks or so. CME FedWatch is predicting that the Federal Reserve will ease rates at their September meeting next month, but by how much? Looking ahead to the end of the year, we’re seeing predictions for everything from 3.75%-4.75%.
Remember though, MORTGAGE RATES ARE NOT CONTROLLED BY THE FED! Current mortgage rates already reflect the market expectations of future Federal Reserve cuts. That means that mortgage rates won’t change if the FED does everything the market already expects, mortgage rates are more likely to change if the FED (or other current events) go against the predictions that are already built-in to the market.
There is still time to get prequalified and into a home before the leaves start to fall. We offer free consultations so you can be confident in your eligibility for a mortgage, compare buying vs. renting, or if it’s worthwhile to take advantage of current rates to refinance.
As always, FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/
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By Barry Sturner and Zach Schwartz
5
22 ratings
AND Barry and Zach are LIVE again!!!
The Olympics came to a close this weekend with Team U.S.A dominating the total medal count! That closing ceremony and subsequent “handoff” to L.A. was interesting to say the least…
Mortgage rates are back in the news as the 10-Year Treasury Yield has held below 4% for the last 2 weeks or so. CME FedWatch is predicting that the Federal Reserve will ease rates at their September meeting next month, but by how much? Looking ahead to the end of the year, we’re seeing predictions for everything from 3.75%-4.75%.
Remember though, MORTGAGE RATES ARE NOT CONTROLLED BY THE FED! Current mortgage rates already reflect the market expectations of future Federal Reserve cuts. That means that mortgage rates won’t change if the FED does everything the market already expects, mortgage rates are more likely to change if the FED (or other current events) go against the predictions that are already built-in to the market.
There is still time to get prequalified and into a home before the leaves start to fall. We offer free consultations so you can be confident in your eligibility for a mortgage, compare buying vs. renting, or if it’s worthwhile to take advantage of current rates to refinance.
As always, FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/