top of page
Search

Market Update Based on Fed Meeting


Happy Thursday – I hope you are doing well. For this week’s video, I want to discuss yesterday’s Fed Meeting. I put the technical highlights below for all my nerds, but here is what I think you need to know. Rates started going down in November because the market was anticipating a Fed Rate Cut in March. However, the last 3 weeks, data came out higher than expected and now the market thinks the Fed will not cut rates until May or June. The jobs report comes out tomorrow and could change things, but I think you are going to see rates stay in the 6’s for the short term and then start falling again once we see the Fed cut rates.

So back to what I have been saying about inventory – Once rates do hit 5%, it is going to be a super competitive market where you must overpay to win a contract. If you are able to buy now, then start looking at homes and making offers and you will be glad you did. The 2nd and 3rd quarters are usually the most competitive markets and as rates come down, that will get even worse.



Stewart Sadler

Managing Partner

Cornerstone Mortgage Group

Georgia Residential Mortgage Licensee: 21412 • Company NMLS: 147913 • Individual NMLS: 147938

0 views0 comments

Recent Posts

See All
bottom of page