Fed Cuts Their Rate, But Mortgage Rates Will Still Probably Stay Higher Longer

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the Fed's second rate cut. Today's article is from CNBC "Mortgage rates surge higher on Trump victory, causing housing stocks to fall." Post election we saw a slight rate bump, Trump's campaign said they would give tax cuts and would put tariffs on imports, which initially would cause inflation. We don't think the election played into the Fed rate cut, and going into December, we are still anticipating one more rate cut this year. There are so many things happening right now with the election, that it's hard to predict if those factors will effect rates. These things just aren't always predictable, but we as mortgage professionals should be prepared for anything.. lower rates, higher rates, refinancing... be prepared!  Listen in as we discuss this and more!Listen in as we discuss this and more!______ Grow Your Business: https://join.nflp.com/______Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.See more at TodayInMortgages.comWant to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here. Learn more about Network Funding on our parent site. Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.