Just heard the Fed cut the rate and wondering what that means for you? 🧐 My phone has been blowing up and my inbox is completely full with people asking if interest rates are going to drop down to 4%. The answer might surprise you! In this video, I explain why a Fed rate cut doesn't always lead to an immediate drop in mortgage rates and what's really happening in the housing market. I'll break down how lenders already had this reduction "baked in" and why rates are still significantly better than they were just six months ago. If you're waiting for rates to drop into the 4s, you might be waiting a while. But that doesn't mean you can't get a great deal! Watch now to understand: The difference between the Fed rate and mortgage interest rates. Why a rate cut doesn't automatically mean lower mortgage payments. What current rates are looking like (hint: they're a lot better than 8%!). The importance of talking to a professional to navigate the current market. Don't wait around hoping for a change that might not come. Let's get you squared away with a plan that works for you.

👋 Rich Dallas

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