Mortgage rates dipped below 6.5% in the latest Freddie Mac survey, but what does the Fed’s recent rate cut really mean for homebuyers and homeowners? In this episode of the South Florida Mortgage Report, Craig Garcia and Billy May break down the Fed meeting, why mortgage rates didn’t improve as much as many expected, and what to watch for in upcoming economic data.

We also cover specialty loan programs that could be game changers in today’s market:

• FHA 203(k) & Fannie Mae Homestyle Renovation Loans – buy a home and finance the repairs or upgrades in one mortgage.

• Hometown Heroes Program – still funded with millions available, offering down payment help for eligible professions.

Plus, insights on how buyers can negotiate seller concessions to permanently buy down their interest rate and create today’s opportunities instead of waiting for tomorrow’s market shifts.

🎙️ Whether you’re a first-time buyer, a homeowner thinking about refinancing, or a Realtor looking for solutions for your clients—this episode is packed with practical strategies.

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