Rates Starting to Fall - What’s Ahead in 2024

On December 13, after the  Federal Reserve meeting, interest rates started to fall! It became evident that the Fed will likely stop raising interest rates, and start to lower the fed funds rate in 2024! The market needed this news so badly!

In this episode I will help make sense of some complex financial terms and focus on what this means for the average person. Whether you're an investor or contemplating buying a home, understanding the implications of this rate change is key, and that's precisely what we aim to explore. 

We also share insights from Clear Value Tax  and Barry Habib, both well-respected names in economic analysis, on the potential impact of these financial shifts on the housing market in 2024. Is now the right time to invest in real estate, or should one wait? This episode is designed to provide valuable insights into how these economic developments could influence your real estate decisions.

In this episode, you’ll learn:

• Impact on your finances
• Impact on your plans to buying home in the future
• Comprehensive analysis in mortgage rates
• Potential end of a challenging period characterized by increasing interest rates

Must-listen moments: 

[00:00:20] Explanation of the federal funds overnight rate and its relevance to the financial markets

[00:01:31] Overview of the Federal Reserve's role and its actions to control inflation since 2020.

[00:02:15] Discussion on the increase in interest rates since March 2022 and its impact on the economy

[00:02:45] Explanation of economic indicators like CPI index, wage inflation, and employment numbers

[00:03:30] How the Federal Reserve's policies affected consumer spending and the overall economy

[00:04:00] Analysis of the Federal Reserve's decision to pause interest rate hikes in December 2023

[00:04:50] Insight into how the stock and bond markets influence mortgage interest rates

[00:05:00] Discussion on the market's reaction to the Federal Reserve's December announcement

[00:05:30] Observations on the gradual decline of mortgage rates since November and its significance

[00:07:00] Is it a good time to buy a home considering current market trends?

[00:08:00] Influence of global activities and financial markets on mortgage interest rates

Resources:

Clear Tax Value full video about Interest Rates https://youtu.be/HzKLgEnGGG4?si=ix3mXiIx_4ZFlJkp

Barry Habib full interview about 2024 Housing Market Forecast
https://youtu.be/94jd2PBA2Pg?si=EBJ2hIR47udWgmMa

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📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com
 
Equal Housing Opportunity Lender NMLS# 514497

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