When Will Mortgage Rates Come Down? скачать в хорошем качестве

When Will Mortgage Rates Come Down?

When will mortgage rates go down in 2024? It may be sooner than you think! In December of 2023, J. Powell, Chairman of the Federal Reserve, stated the rate hikes are over. In 2024 they will have at least 3 reductions. When? Its estimated to start in May of this year. Although the fed rates don’t exactly mirror the mortgage rates, they certainly will have an affect. Why are they going to lower rates, when the inflation is still not where they want it? J Powell indicated that he concludes that the higher rates are not necessary. The economy needs a break. Corporate profits need a break, banks need a break, and in turn, consumer interest on things like houses, credit cards and autos need a break. Homeownership is at the heart of the American economy. Spurring this sector again with rates lower than the last 2 years will bring back a renewed sense of pride in consumers, and help families and communities grow. Tune in for some stats, and predictions about rates this year! mortgagerates #loanwithjen #homebuyers 00:00 Intro 1:14 Federal Funds Rate: When Will it Decrease? 1:19 Fed Reserve Talks in Dec 23 1:49 What this Means For You 2:01 Definition of Federal Funds Rate 2:45 Federal funds rate's compared to the past 28 years 2:53 Mortgage Rates – How is it determined 4:06 Why the Fed Will Lower Rates in 2024 6:20 Housing Fuels the Economy 7:02 Jobs are falling, mortgage rates rising 7:12 Job cuts across major companies 7:53 Affordability Gap in housing and its implications for families 8:20 Forecast on the downward trend of interest rates 9:30 Prediction for mortgage rates by the end of 2024 Resources: https://www.msn.com/en-us/money/marke... https://www.cbsnews.com/news/citi-lay... https://www.cnbc.com/2024/01/30/ups-r... 👉TikTok: @loanwithjen 👉Instagram: @loanwithjen 👉Facebook:   / loanwithjen   Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497 Phone: 713-579-3611 hdzteampreapproval@legacymutual.com 💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/ 📌More Helpful Content: ▶️The Myths and Truths About Credit Inquiries:    • Will Inquiries Hurt My Credit Score - Myth...   ▶️Why You Should Use A Local Lender:    • Why You Should Use A Local Lender | #Loanw...   ▶️How to Buy A House With Low Income:    • 2020-How To Buy A Home With Low Income [Lo...   ▶️Using Rental Income To Qualify For A Mortgage:    • Using Rental Income to Qualify for A Mortg...