Wondering why mortgage rates went up even after the Federal Reserve cut interest rates last week? 🤔 You're not alone. In this episode of Rate Watch, we break down exactly what happened, why the market reacted the way it did, and what it means for homebuyers and those looking to lock in a mortgage rate.

Chapters:
00:00 – Fed rate cut recap
00:15 – Why mortgage rates rose (despite the cut)
00:30 – Wall Street’s "buy the rumor, sell the news"
00:48 – Why locking your rate matters
01:11 – Pre-approval tips & mortgage help in NY, NJ, CT, FL

---

🏡 **Buying a home soon?**
✅ Lock in your mortgage rate early
✅ Avoid uncertainty in a volatile market
✅ Get a solid pre-approval with Summit Funding

📍 Licensed in:
New York • New Jersey • Connecticut • Florida

📢 Don’t forget to Like 👍, Subscribe 🔔, and Share this video with anyone looking to buy a home or refinance!

📌#MortgageRates #FedRateCut #HomeBuyingTips #MortgageAdvice #DaveSteinberg #SummitFunding #RealEstateMarket #RateWatch

Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding

🎯 5 Key Takeaways from This Week's Rate Watch with Mortgage Guy Dave Steinberg:
1️⃣ Fed Dropped Rates – No surprises here; everyone saw it coming.
2️⃣ Markets Reacted – Despite the cut, mortgage rates actually rose ~30 basis points.
3️⃣ “Buy the Rumor, Sell the News” – The market had already priced it in.
4️⃣ Lock Your Rate Early – Once you're under contract, lock in to avoid risk. Refinance later if needed.
5️⃣ Need a Pre-Approval? – Summit Funding is licensed in NY, NJ, CT, and FL. Dave offers solid pre-approvals to help you win the home and get a great loan.

-
Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
-

Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367

Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance

Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking

Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) | Florida Office of Financial Regulation
Loans Provided By Third Party Lenders


Refer with Confidence®

-

#yourmortgageguy #mortgages #mortgageprofessionals #homeloans #firsttimehomebuyer