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Inflation is under control and it’s the moment we have all been waiting for… lower interest rates! The Federal Reserve is expected to lower the Feds Funds rate by .25% and maybe .50 percent in September. This will be a major shift since 2022 when the Feds rapidly started increasing rates to slow down inflation, which is now under control. This could have a big ripple effect and significantly improve mortgage rates, which are already on a declining trend. The mortgage rate declines have been accelerating over the last couple of weeks and largely due to the unemployment rate rising. Did the Feds wait too long with their very restrictive policy that will lead us right into a recession? If so, will housing once again be the industry that keeps our country strong like it did during the COVID pandemic recovery? Now is the time, more than ever, that you want to have a brokerage in your back pocket that can guide you through all the changes! We built our brokerage for such a time as this and we are ready to be your resource, give us a call today.
Talk soon – Martin
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