Market Update: Why Didn't Mortgage Rates Drop More After the Fed Rate Cut?

Recently, the Federal Reserve announced a significant rate cut, the first in four years, reducing the federal funds rate by half a percent. This news had many consumers excited, expecting a substantial drop in mortgage rates. However, the reality turned out to be quite different, leaving many wondering why mortgage rates didn't fall as anticipated.   Here's what we discuss in this episode: 0:00 – Intro 0:34 – First reaction to rate cut 2:03 – Rate cut already baked in 4:39 – Key economic indicators 7:36 – Exploring your options   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