09/19/2025
We've been waiting for this!!!
The Federal Reserve Board finally pulled the trigger at its September meeting, cutting policy rates by a quarter point. Even more interesting---the majority of members signaled they expect two more cuts before year's end.
What exactly did the Fed say? 🧐
The Fed's statement described a declining labor market that warranted action, even as inflation has moved up and is somewhat elevated. Board members noted rising risks to employment while they continue to observe uncertainty around the overall economic outlook.
What does this mean for mortgage rates? 🏠 🏘️
While the Fed doesn't set mortgage rates directly, its decisions influence investor behavior. Rates had already dipped in anticipation of this move, and while more cuts could push them lower, nothing is guaranteed.
If more cuts could be coming, should you wait to make your move?
Here are some considerations:
👉🏾Lower rates may drive up both demand and prices. 👉🏾Purchasing at a slightly higher rate but lower price could save money in the long run.
👉🏾Rates are unpredictable. They're impacted by economic data and world events in addition to Fed actions. Making a move now can help you lock in today's advantages.
👉🏾If you're currently renting, now could be the time to start building up equity.
Something to consider: 🤔 refinancing with cashout to payoff higher interest rate debt can be a smart move to improve cash flow and reduce expenses.
If this is your time to buy, refi, or access cash from equity, don't let uncertainty about rates slow you down.
I'm here to help, and we're closing loans every day!
April Cook- Your Favorite 😍 Realtor
📞 469-735-1613
Hamilton Realty Group
