Do you think there will be an interest rate cut today or will the Fed keep them the same? I am leaning towards a rate cut and the market will bounce quite nicely. I give it a 60% chance of a 1/4% rate cut and a 40 % chance of a 1/2% rate cut.
So there is a chance of no cut at all, but most likely we will see the cut, and we will see a nice stock market bounce. If you have been waiting to buy a home, now is the time to get in the market. Prices are low, rates are coming down.
1/4% rate cut is figured into the market and will not do much. Anything larger could make the market jump nicely. No rate cut and we may go into a tailspin.
[tags]Fed, rate, interest rates, homes, stock market, stock tips[/tags]
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Mortgage rates really haven’t change much. I linked to some info on that.
No some of the cut was already figured in to mortgages. I believe over the next few weeks /months rates will drop a bit.