FED Drops, But Rates Pop

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss if we are finally getting relief from high interest rates.The industry expected a cut in interest rates by the fed, which we got! But mortgage rates have worsened. We are still dealing with the bigger issues of worsening unemployment, and the fed wants inflation to come down to 2%. Nobody know's where we go from here. What we do know is that rates have slowly come down the last few years. A good way to anticipate where mortgage rates are going it to follow the 10 year treasury. In our experience, until the treasury drops below 4% our rates are going to stay elevated. 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.