Mortgage Rates Increase with Fed Cut!!! WHAT!!!!!

Описание: Stephen Seidler from CMG Home loans really explained to me why the mortgage rates went up even with the Fed Cut. Guess what.. there is not a direct line between Fed Rates and Mortgage rates. Who would have thought!
Tricia Barlow from RealEZtech was shocked for one anyway

While it's been seen as a positive move for the economy, it hasn't had the impact on mortgage rates that many were hoping for - at least not yet.

In fact, mortgage rates have actually gone up in the short term. Why? Because the economy is still strong, with solid job numbers and consumer spending keeping things steady. That strength is putting pressure on mortgage rates to stay elevated for now. But here's the silver lining: over time, we do expect rates to come down as the full effects of the rate cut start to take hold.

So, for those of you in real estate or considering a home purchase, it’s worth keeping a close eye on how this unfolds. While patience is key right now, the long-term outlook could bring some great opportunities.

Let’s talk about what this means for your real estate plans - whether you're buying, selling, or just looking to stay informed.

Don't worry Stephen has a silver lining for us towards the end of the video