07/31/2024
Use this insider info to impress your friends (or at least sound smart at dinner parties).
Today’s Fed Day! That’s when the Federal Reserve talks about interest rates. They won’t cut rates today, but they might hint at doing so in August.
Translation: mortgage rates could start dropping soon.
Think of it as a sneak preview – rates might dip before the official cut. But don’t expect a nosedive; it’s more like a gentle slide. So, the next few weeks could be your sweet spot for snagging a good rate before everyone else wakes up to it.
