CONTACT US TODAY: 404-370-0092

MARKET MOMENT – Feds lowering rates!

By in Agent Blogs with 0 Comments

We are pleased to have our guest author, Laura Sosa-Rocha Witte share her thoughts on the current Feds rate cut and what that means for buyers, sellers and you!

Market Moment

You may have heard of the Feds rate cut tomorrow and Friday. We are monitoring the market and recommending our clients lock in this week and take advantage of this. We are near record historical lows and there is little certainty in any world market right now, not sure how much lower that rates can go!

With that being said, after about 3 weeks of little market movement, we are about to be in for some potential market turbulence.  Who can predict if we need to get our umbrellas or sunglasses is anyone’s guess!  All expectations lead to a .25% interest rate cut by the Fed on July 31st.

There are 3 possibilities could really put us in for some fireworks: A larger cut of .50%, no change in rates, and any verbiage that forecasts the Feds position on future cuts this year. We have had several strong home sales reports and June was not an exception.  It was the first month since February 2018 that the increase was positive compared to the previous year.  This exceeded most industry expectations.

In closing the combination of a near record stock market, increased job growths, steady home price appreciation, and really low mortgage rates all point to a good time for buyers and sellers – Everyone wins!

 

Laura Sosa-Rocha Witte

VP, Mortgage Banking

Truth and Lending Team, NMLS# 193027

P: 404-456-8291  |  F: 470-440-9477

laura.witte@northpointe.com

www.truthandlending.com

Share This
About The Author
Melissa Wakamo

When Melissa Wakamo began her real estate career in 2004, her goal was to focus on her immediate area and get to know her neighbors. "I've had a lot of fun over the years helping my neighbors sell their homes and helping newcomers become a part of our community." Melissa quickly became one of metro Atlanta’s top producing agents and consistently performed in the top 1% of all Atlanta agents. By 2009, Melissa’s real estate team, Red Robin Realtors, had grown to include several agents and support staff, providing exceptional service to buyers and sellers in Atlanta’s intown neighborhoods. In her role as Managing Broker, Melissa provides agent training, marketing and strategic oversight for Keller Knapp Realty and leads the Red Robin Realtors team of agents. "If you're thinking of buying or selling a home, or are considering a career as a real estate agent, let's talk soon!"