Anticipating a Strong Fall Housing Market : Fed’s Meet 9/18

Optimism Grows as Fall Market Approaches

Optimism grows as our fall market approached. I’m anticipating a strong fall market. Mortgage rates have decreased overall this week according to Laura Grace Tarpley, Lead Editor and Content Strategist, Mortgages for Yahoo! Finance.

Mortgage Rates and the Upcoming Federal Reserve Decision

The next Federal Reserve meeting is on Sept. 18, when the central bank will announce whether it will drop the federal funds rate. The Feds are expected to cut mortgage rates as inflation cools down, but the question is: will it be by 25 or 50 basis points? The U.S. Bureau of Labor Statistics releases the July Consumer Price Index (CPI) report on Wednesday, 8/14, which will give us insight into inflation trends. If inflation is low, it could increase the chances of the Fed going for a 50-basis-point mortgage rate cut.

Links to Mortgage Rate History and The Entire Article
Mortgage Interest Rates History and Read The Entire Article

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Prepared By,
LeeAnn DeLeo, Real Estate Professional
leeann.deleo@gmail.com
(203) 253-4567

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