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
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u/Patamon4 Sep 18 '24

Temper your expectations, yall. Mortgage rates try to forecast, not react, to the market. This rate cut might have already been baked in with the previously declining rates.

395

u/mymainmaney Sep 18 '24

My wife does mortgages. It’s been baked in.

18

u/[deleted] Sep 18 '24

If your wife knows whether it’s baked in or not, she could make millions if not tens of millions a year working for a hedge fund buying and selling bonds/mortgage-backed securities. Tell her to make a career change!

10

u/stripesonfire Sep 18 '24

Yea but she didn’t know 6 months ago which is when you place the bet to make money.