Go offline with the Player FM app!
Fed Rate Cuts and Mortgage Rates: Why They’re Not Linked Like You Think
Manage episode 441739235 series 2503323
Think the Fed’s rate cut means your mortgage rate will drop? Not so fast. While many real estate "gurus" celebrated last week’s rate cut announcement, the reality is different. Most lenders had already anticipated the cut, meaning there’s little change in mortgage rates now. In this episode, I’ll break down how the Federal Reserve's decisions truly affect mortgage rates, why banks don’t just follow the Fed's lead, and what you should be paying attention to instead. Plus, I’ll share a personal story about how lenders prepare for rate changes well before announcements hit the headlines.
Links Mentioned in this Episode:
Connect with Jay:
231 episodes
Manage episode 441739235 series 2503323
Think the Fed’s rate cut means your mortgage rate will drop? Not so fast. While many real estate "gurus" celebrated last week’s rate cut announcement, the reality is different. Most lenders had already anticipated the cut, meaning there’s little change in mortgage rates now. In this episode, I’ll break down how the Federal Reserve's decisions truly affect mortgage rates, why banks don’t just follow the Fed's lead, and what you should be paying attention to instead. Plus, I’ll share a personal story about how lenders prepare for rate changes well before announcements hit the headlines.
Links Mentioned in this Episode:
Connect with Jay:
231 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.