Rates Stay High Longer Than Expected

Big banks are sounding the alarm: expect higher mortgage rates to stick around for years, with Goldman Sachs now predicting the first Fed rate cut won’t come until June 2027—and J.P. Morgan even thinks the Fed might hold steady all year. Strong job growth and stubborn inflation are keeping the Fed cautious, while housing data show a fragile rebound—existing sales up, but pending sales lagging. For homebuyers, the message is clear: affordability remains a tough climb, and relief might be waiting until 2027. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/991cd3212daf808b