Fed Walks Back Mortgage Rate Cuts…Are We Stuck at 7%?

Fed Walks Back Mortgage Rate Cuts…Are We Stuck at 7%?

Mortgage rates just jumped again. This time, we’re back in the seven to eight percent range as homebuyers struggle to pick up properties without a massive mortgage payment. So, why won’t the Fed finally lower rates when the housing market is struggling so much? And is there a way for you to combat the high mortgage rates by picking up a steal in terms of price? Christian and David, the mortgage experts, are on today to share their takes.

Legend has it that if you wax David’s head enough, you may be able to see the future of the housing market. We’ve never tested it out, but David’s reaching into that big brain of his to give us his best mortgage rate forecast for 2024. First, we’re talking about why rates actually went UP when the Fed announced fewer rate cuts coming this year. If the Fed didn’t raise rates, why are banks raising them?

We’ll also get into the economic factors influencing the Fed’s decision and how hot inflation may keep us in higher-rate territory for longer. But you’re not out of luck. Christian and David share how you can pick up a property for cheaper by using the seasonal swings of the housing market, even with high rates. Want to know what’s coming for rates? Stick around!

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Check Out Another Mortgage Monday Video:
Mortgage Monday – Fed to Make BIG Interest Rate Cuts in 2024 as Economic Fears Grow:
Bankrate: Mortgage rate forecast April 2024: Fed’s uncertain timeline to keep rates at 7%:
Work with The One Brokerage:
Website: https://the1brokerage.com/
Email: christian@theonebrokerage.com
Intake Email: intake@theonebrokerage.com
Christian Bachelder NMLS 1668250
One Brokerage NMLS 2142653
Work with David:
Website: https://www.davidgreene24.com/
YouTube: https://www.youtube.com/@davidgreene24
Connect with Christian and David on BiggerPockets:
Christian: https://www.biggerpockets.com/users/christianb79?utm_source=youtube&utm_medium=description&utm_campaign=none
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Follow Christian and David on Instagram:
Christian: @the_one_broker or https://www.instagram.com/the_one_broker/
David: @davidgreene24 or https://www.instagram.com/davidgreene24/

00:00 How Mortgage Rates Change
02:51 Why Rates Went Up
04:16 Why Isn’t the Fed Cutting Rates?
05:57 Buy Before Rates Drop?
07:33 Where Rates Could Go
08:53 Work with Christian and David!

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