Market Update: Rate Cuts & Refinance Demand Is Up

The mortgage market has been interesting to follow the past few months and September is no different with the upcoming Fed meeting on everyone's calendar. Join us as we check in with Bill on what he's watching in that meeting and why the comments from Chairman Powell might actually be more important. Will the meeting result in lower mortgage rates immediately and will this be different than the rate dip we saw in 2023?

Plus, refinancing is up dramatically year-over-year and we'll talk about when it makes sense to start inquiring about a potential refinance on your own property.  There's a lot to cover this month and we'd love to hear from you in the comments if there's something you're interested in.

Here's what we discuss in this episode:

0:00 – Intro

0:22 – Upcoming Fed meeting

4:38 – Rate outlook

6:24 – Refinance demand is up

CONTACT:

Schedule a time to meet with Bill here: https://calendly.com/blitton/

Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/

Call: 484-352-4151.

Check us out on YouTube: https://bit.ly/3KbUxAF