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Fed Cuts Rates, But Mortgage Rates Remain High: Market Insights & 2024 Buyer Trends
The Federal Reserve just cut benchmark rates by 0.25%, but don't expect a drop in mortgage rates just yet! This episode dives deep into why financing costs remain stubbornly high despite the Fed's move, what this means for the real estate market, and how bond market dynamics are shaping rates. 🏦📈 Plus, explore surprising trends from the National Association of Realtors' 2024 Home Buyer Profile, including a record-low share of first-time buyers and rising down payments. Are multigenerational homes on the rise? Get all the key insights! 🔑🏡 #MortgageRates #RealEstateMarket #FedRateCut #FirstTimeHomeBuyers #HomeBuyingTrends #EconomicOutlook
Watch this episode on Youtube!
Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!
Interested in your Refinance options? Submit your Refinance inquiry here!
Follow me on:
- YouTube
Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
[email protected]
*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.
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By Pete D'AngeloThe Federal Reserve just cut benchmark rates by 0.25%, but don't expect a drop in mortgage rates just yet! This episode dives deep into why financing costs remain stubbornly high despite the Fed's move, what this means for the real estate market, and how bond market dynamics are shaping rates. 🏦📈 Plus, explore surprising trends from the National Association of Realtors' 2024 Home Buyer Profile, including a record-low share of first-time buyers and rising down payments. Are multigenerational homes on the rise? Get all the key insights! 🔑🏡 #MortgageRates #RealEstateMarket #FedRateCut #FirstTimeHomeBuyers #HomeBuyingTrends #EconomicOutlook
Watch this episode on Youtube!
Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!
Interested in your Refinance options? Submit your Refinance inquiry here!
Follow me on:
- YouTube
Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
[email protected]
*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.