Will the Fed Lower Rates on July 30? What It Could Mean for You

If you’ve been waiting for mortgage rates to finally fall, you’re not alone.

Since early 2024, buyers, sellers, and refinancers have been watching every move the Federal Reserve makes. Historically, mortgage rates have followed the Fed’s decisions, but last September proved that isn’t always the case.

Now, we’re heading into another critical meeting on July 30.

The Fed says the economy is “too strong” for another cut, citing:

• Steady jobs data

• Inflation worries

• Global trade pressures

But the real data paints a different picture:

• Inflation is cooling

• Job growth is slowing

• Housing affordability is hitting new lows

Here are three things you should take from this:

1. If the Fed does cut, it could unlock some much-needed affordability

2. The job market may not be as strong as it appears

3. The right time to act is when you have a smart strategy, not when everyone else jumps in

If you're planning to buy or refinance, don’t wait for the headlines. Let’s talk about what’s best for your situation now.

I’m Racheli Refael, your Mortgage Fairy. Call or message me today at 954-800-0330.

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