Central banks around the world are now starting to cut interest rates. With the Bank of Canada and the ECB being the first two central banks to cut. Does that mean that the Federal Reserve might be next?
Inflation levels are still elevated across America. With the 3.3% inflation rate today being healthily above the Fed's 2% target. This indicates that the Fed is unlikely to cut interest rates in the near term.
Betting markets suggest we will see 1-2 Fed Rate cuts before the end of this year. This would push mortgage rate down to 6.5% range. Which would not be enough to bring many homebuyers back into the market. --- Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
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