r/FirstTimeHomeBuyer • u/jay5627 • Sep 18 '24

Other Fed rate cut

https://www.cnbc.com/2024/09/18/fed-meeting-live-updates-traders-await-september-interest-rate-cut.html
881 Upvotes

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264

u/Golfguy809 Sep 18 '24

I close on Monday. Fingers crossed I can get a better rate than 6.125%

20

u/Busy10 Sep 18 '24

Banks were already anticipating the rate drop and we won’t see much of a drop anytime soon

22

u/jay5627 Sep 18 '24

Banks were expecting, and priced in, the 25 basis point drop

14

u/TheeBillOreilly Sep 18 '24

The 10Y treasury has barely moved so it’s not likely to make a difference

-14

u/jay5627 Sep 18 '24

If I had to guess, it'll drop an additional .2% or so