SPM Realty

📉 Big news in the world of rates…..

The Fed is expected to cut the Federal Funds Rate multiple times before the end of the year. But here’s the catch 👉🏾 mortgage rates don’t move lockstep with the Fed. Instead, they respond to what financial markets expect the Fed will do.

✅If markets believe cuts are coming, mortgage rates could trend lower.
✅Even a small drop in mortgage rates can have a BIG impact on your monthly payment and overall affordability.

That’s why this matters if you’re thinking about buying a home.

The bottom line: We may not see rates fall overnight, but if multiple cuts happen—or markets keep pricing them in—mortgage rates could ease up in the coming months.

Curious what this means for your buying power today? Let’s connect and run the numbers together.