Video Transcript
The Federal Reserve just adjourned from its two-day meeting. The group lowered the Fed Funds Rate by 0.25%. That was expected. But mortgage rates are falling after the news which was not expected. This tells us that Wall Street thinks that the Fed's language came across as a little bit more worried for the future of the U.S. economy than the group had previously led on. It left hints that the weakening jobs market could flip the economy into recession. So you can get a lower mortgage rate post-Federal Reserve. That is an interesting development for home buyers and refinancing households. Subscribe for more mortgage news. I'm Dan with Homebuyer.com. Happy homebuying.
Breaking News: Mortgage Rates Hit 51-Week Low Mark
The Federal Reserve lowered the Fed Funds Rate by 0.25% after its two-day meeting. Following this decision, mortgage rates have fallen to a 51-week low, indicating Wall Street's concerns about a potential recession due to a weakening jobs market.
Video Transcript
The Federal Reserve just adjourned from its two-day meeting. The group lowered the Fed Funds Rate by 0.25%. That was expected. But mortgage rates are falling after the news which was not expected. This tells us that Wall Street thinks that the Fed's language came across as a little bit more worried for the future of the U.S. economy than the group had previously led on. It left hints that the weakening jobs market could flip the economy into recession. So you can get a lower mortgage rate post-Federal Reserve. That is an interesting development for home buyers and refinancing households. Subscribe for more mortgage news. I'm Dan with Homebuyer.com. Happy homebuying.
