Market Update: The Fed Rate Cut

Mortgage Market Update (1)

Last week the Federal Reserve made the decision to cut rates for the first time since 2008. With wages on the rise and unemployment rates at a 50-year low, the decision was made to help boost the economy. This means potential savings for homeowners across America looking to refinance or sell their home since home equity is also on the rise.

Fed news pic

*These numbers are based on the weekly average data pulled in from Freddie Mac

With rates being at their lowest point in 3 years, now is an optimal time to purchase and refinance. We want you to take full advantage of the housing market’s favorable conditions!

Give us a call for a free 5-minute mortgage review!

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