Chip Lingle - EXP Realty

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟯, 𝟮𝟬𝟮𝟰

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Even though the Fed cut its policy rate last week, mortgage rates still rose. This is because the rate cut had already been priced into mortgage rates back in November, contributing to earlier rate improvements. However, new projections from Fed members signaling only two rate cuts in 2025 pushed rates higher last week.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗺𝗮𝗶𝗻 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 👍
Mortgage rates are not likely to change much between now and the end of the year as trading activity slows for the holidays. Markets have already adjusted for fewer expected Fed rate cuts in 2025, along with concerns about potential increases in inflation and continued economic and labor market strength. Significant declines in mortgage rates are unlikely as we head into 2025.

📈 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Christmas: Markets will close early Tuesday and will be closed on Wednesday, as will most mortgage lenders.
- Reduced trading volume: Traders tend to take the last couple of weeks of the year off, resulting in reduced trading volumes that can sometimes cause some fluctuation in day-to-day mortgage rates. However, it is unlikely rates will make any big moves before year-end.

🎄🌟 Here’s wishing you a home filled with joy, laughter, and plenty of galactic cheer! 🏡✨ May your season be merry, your presents be plentiful, and your memories be out of this world. 🎅🎁 Happy holidays from my galaxy to yours!

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