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The Federal Reserve is meeting next week, and on Wednesday, they'll announce their plans for the economy. Everyone is hoping they'll: Cut interest rates and end Quantitative Tightening. "QT" is a fancy way of saying they'll stop pulling money out of the economy, which helps keep rates low.
If the Fed does what investors expect, and sounds extra positive (they call this "dovish" in financial talk) about the economy during their press conference, then we could see mortgage rates hit multi-year lows.
By Richard SamkoThe Federal Reserve is meeting next week, and on Wednesday, they'll announce their plans for the economy. Everyone is hoping they'll: Cut interest rates and end Quantitative Tightening. "QT" is a fancy way of saying they'll stop pulling money out of the economy, which helps keep rates low.
If the Fed does what investors expect, and sounds extra positive (they call this "dovish" in financial talk) about the economy during their press conference, then we could see mortgage rates hit multi-year lows.