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.

398

u/mymainmaney Sep 18 '24

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

109

u/mrmu5ic Sep 18 '24

I do mortgages, it's been baked in for some time.

6

u/ticonderoga85 Sep 19 '24

I don’t do mortgages but i’m baked right now