What Fed Cuts Mean For You

You probably saw it on the news, but the Fed officially cut rates for the first time in FOUR years! But this didn’t translate into an instant drop in mortgage rates the next day. Here’s why:

Rates had already been slowly dropping in anticipation of this cut – the rates had already factored in the likelihood that the Fed would make a cut.

But what does this mean for you if you’re thinking of buying, selling, or refinancing?
I sat down with a local Loan Officer, Rhett Grant with Synergy One Lending, to get his take on what to expect for the next 6-9 months.

If you’re thinking about buying, selling, or even refinancing, I hope this helps!

Nicole

P.S. If you’re looking to get started with research, I highly recommend reaching out to Rhett to see how much you can afford & what loan type might be best! His number is (478) 447-0431.

Rhett Grant, Loan Officer at Synergy One Lending
[email protected]
“The modern mortgage experience”
NMLS #2456098