09/18/2024
Did you know?
Good news!...Fed just cut interest rates!
Todd Parsons with Origin Point Mortgage just posted this latest update. Check it out!
"After weeks of suspense, the Federal Reserve has announced an interest rate cut of 0.5% -- marking the first rate cut since 2020, and the beginning of a new rate cycle. This is great news for the Real Estate industry!
Although the full 0.5% rate cut has already been priced into mortgage rates, the Federal Reserve’s future outlook indicates they anticipate another 0.5% rate drop by the end of 2024, and another 1.5% in cuts by the end of 2025. This could effectively bring mortgage rates into the low 4% range by the end of next year. Stay tuned!"
Steven Ellison, RB-23832
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Ellison Team Hawaii