Think the Fed’s rate cut means your mortgage rate will drop? Not so fast. While many real estate "gurus" celebrated last week’s rate cut announcement, the reality is different. Most lenders had already anticipated the cut, meaning there’s little change in mortgage rates now. In this episode, I’ll break down how the Federal Reserve's decisions truly affect mortgage rates, why banks don’t just follow the Fed's lead, and what you should be paying attention to instead. Plus, I’ll share a personal story about how lenders prepare for rate changes well before announcements hit the headlines.

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