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Fed cuts rate .25% but mortgage rates actually IMPROVE! why?

Fed cuts rate .25% but mortgage rates actually IMPROVE! why?

If you have been following my posts about fed rate cuts, you knwo that traditionally it would mean worse rates for long-term lending (mortgages). Today after the conclusion of their meeting, the fed decided to cut the rate by .25% , though hinting that this will be the last reduction in rates.

Bond traders took away from this that inflationary concerns were in check and the market has since rallied. From that we have seen a nice run in the bond market and mortgage rates appear to be definitely dipping back below 6% again.

If you haven’t read the previous posts on what typically happens when the fed cuts rates, take a peek~

Talk Soon~

Ray

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Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.

387 N Corona St #646, Denver, CO 80218.

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Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

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