The Fed Just Cut Rates. This Is About To Get Ugly.

[@gregorydepol2655]

I'm guessing the market had priced in the rate cuts already and when things don't go as expected it effects rates in the opposite way a cut should.

[@mp4results]

You are correct these no nothings talking about 2026 & 2027 and they don’t even know what’s going to happen tomorrow

[@danr.5304]

The folks that bought at 7% rates back near 1 yr ago, are being squeezed. They bought believing their real estate agent. "Buy today and refinance when the fed lowers rates." I smell a housing correction on the horizon

[@shouse5110]

that may be true for some, in the past they called it Predatory lending, sorry it really was people buying what that could NOT afford.

[@Andredh2k]

@@danr.5304 I'm folks! Lol luckily I'm extremely blessed and will figure it out but still I definitely anticipated being able to refi in a year or so and right now that doesn't look promising

[@mp4results]

Crash looming!

[@paulohanlon2369]

Looking to buy another property, however I was told I’m unable to qualify for a mortgage. Bought a property in 2023 rented June of this past year and am disqualified since I don’t have a year experience as a landlord? This is supposedly per guideline

[@TheRateUpdatewithDanFrio]

Please call me

[@GilbertoFonte-z2v]

If they raise rates, mortgage rates go up. If they stand pat, mortgage rates go up. If they cut rates, mortgage rates go up! lol feels like the best time to lock in is any time before the Fed meets. Will mortgage rates ever go down??

[@snape57]

@@GilbertoFonte-z2v only variable in equation left is post Trump’s official take over.. Lets see if it further go up or gradually go down 😂

[@matbob7249]

Rates will go down. Rates based on Credible Threat Theory- on future expectations and announcements. Market expected more cuts and Powell announced less- there’s a bump in rates. Now, look at the effect on yourself and your emotions- this is exactly what it’s designed to do. That’s what made Buffet great- he was patient. Be patient, another year of high rates ahead

[@Andredh2k]

The banks/lenders are getting rich!

[@matbob7249]

@ banks own bunch of commercial real estate which is defaulting, they still borrow on fed funds rate they get so they make the same since they charge percentage on top of feds rate they pay. Lenders have been hit hard by the record low transaction volume. They will make $ when rates drop on influx of refis

[@920WIZCO]

Yeah it's ridiculous my savings interest rates are going down but seems like mortgage rates only go up and will never stay under 6 again 🙄

[@scottfine2875]

Dan…you have any predictions on when the 10 year will soften? The wife & I are trying to refi in the next coming months.

[@jonathantaylor6926]

What is your rate? There is no way you are going to want to refi anytime soon. Mortgage rates will be 7% by end of week.

[@rockyp19]

@@jonathantaylor6926yeah it’s not looking promising. Crazy amount of debt plus trumps policies got the bond spooked. Can’t imagine rates going lower than 6% all of next year

[@scottfine2875]

@ 7.49% gonna be a waiting game for sure.

[@snape57]

@@scottfine2875I have lowered my expectations to 6.250 now from earlier 5.875 Better to save some bucks/month than to wait for perfect moment

[@jflowers8913]

I have a 6.99 I really need a 5 percent.

[@bmwx6908]

Got it

[@Natural-Blooded]

And if Rates go up, Dan’s tone changes. Every time rates go up Dan gets serious, his face changes, you can tell the frustration in his speech, but this is what I do and I can help you in all 50 states.

[@andrewshevchuk2062]

1st