The Fed just cut interest rates — so why are mortgage rates climbing instead of falling? 🤔 In this week’s Rate Watch, we break down what really happened after the Fed's 0.25% rate drop and what it means for your home buying plans.
📈 Learn why timing the market doesn’t always work, and why locking your mortgage rate at the right moment can save you thousands.
🏠 Plus, get 4 essential home buying tips every buyer should know:
✔ Work with a trusted real estate team
✔ Don’t rely solely on Zillow or Zestimates
✔ Never skip the inspection
✔ Understand what you can afford vs. what you’re approved for
Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
Chapters:
00:00 - Intro: What Happens When the Fed Cuts Rates?
00:12 - Fed Rate Cut Explained: Why Mortgage Rates Went Up
00:30 - Market Reaction: “Buy the Rumor, Sell the News”
00:55 - Why You Should Lock Your Rate Now
01:15 - Can You Still Benefit If Rates Go Down?
01:38 - Home Buying Tip #1: Build a Great Team
01:55 - Home Buying Tip #2: Don’t Rely on Zillow
02:23 - Home Buying Tip #3: Never Skip the Inspection
02:32 - Home Buying Tip #4: Know What You Can Afford
02:46 - Final Thoughts from Your Mortgage Guy
-
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
