News That Is Actually New, August 3 Version

Great information. Thanks for sharing, enjoy your weekend.

Bill Salvatore Arizona Elite Properties.

Thanks for sharing Peter!!! Makes sense!!! I was surprised they didn't cut the rate!!!

The Fed kept rates steady (again), but said that a rate cut on Sept 18 was definitely "on the table" given progress on inflation and the recent rise in the unemployment rate.  I personally feel that the fact that they announced it cemented the action.  Saying that, the prices of homes has stabilized and will creep up during the next few months and the net change will not be noticeable.  You will pay more at a lower rate the still end up with the same monthly payment.   

I thought they might have dropped the Fed rate a small bit early.  Though, with the bond markets approaching neutral on their yields, they may have thought to wait until September.  Now we'll see if the 10-year treasury drops more or rises.  Unfortunately, there is no metric to accurately gauge how people perceive our economy.  And when I ask weekly random people about how they feel about the economy.  I have never had a positive response in over two years!

Thank you, Peter, for sharing this timely and insightful update on the Fed's decisions and the evolving mortgage market; your analysis is both informative and encouraging!

Peter Mohylsky, Beach Broker I have been around long enough to know that ""definitely "on the table"" isn't very definite.