Fed Raise Rates= Lower Mortgage Rates!
Why am I smiling at the Fed’s raised rates today? It’s actually great news. Let me explain why the feds hiked rates today a quarter of a point. Why is that a good thing? Well, the main reason is it’s their lowest rate hike since last year.Most of the previous rate hikes were a half to three quarters of a point. They told us when they start slowing it down, that means that we don’t have to continue this high inflationary pressures. The fact that they only raise it a quarter instead of more tells us we’re at the top end of this thing. They do not need to keep raising rates.Wall Street – happy face. They loved it. Why? We’re seen reports now that inflation is coming down. They don’t need to keep raising three quarters of a percent. It’s inflation’s coming down. They only needed to do it a quarter. Why is that good news for mortgage rates? If you listen to any my videos or read anything, I’ve sent out mortgage rates, fall inflation, mortgage rates today, arrow down, dropped happy face.It’s great news. There’s a lot of predictions how many more times the Fed will raise. We’ll have to wait and see. The fact that they only raise a quarter percent today is great news for the entire market. If you have any questions about your current mortgage or friend or client, please let me know. Thanks.
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