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Listen "Fed Rate Hike Update - Tom's Take 334"
Episode Synopsis
📈 Fed Rate Hike Update: The Fed raised rates by 25 basis points, as expected. Good news for mortgage rates, they remain steady at 7% range.
The Fed left the door open for another hike, but experts suggest they should pause and assess data. The upcoming jobs report on Friday could influence their decision. If wage growth cools, rates might come down, benefiting buyers.
Inventory is growing, making it a good time for buyers to be proactive. If rates drop, refinancing becomes an option.
Let's hope for a Fed rate hike pause and keep an eye on the jobs data. 🏠
The Fed left the door open for another hike, but experts suggest they should pause and assess data. The upcoming jobs report on Friday could influence their decision. If wage growth cools, rates might come down, benefiting buyers.
Inventory is growing, making it a good time for buyers to be proactive. If rates drop, refinancing becomes an option.
Let's hope for a Fed rate hike pause and keep an eye on the jobs data. 🏠
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