A closed door meeting will start on July 30th and it will end on July 31st with a press conference led by the Fed Chairman, Jerome Powell. The implications to consumers on the aggregate may be monumental however the impact to mortgage rates may be insignificant. There is no question the Fed is going to make a move…the question is when. If they move, the cost to borrow money will be less, should you wait for the lower rates?
Kevin Martini is the Senior Mortgage Strategist and Branch Manager of the Martini Mortgage Group at Benchmark Mortgage. In addition, Kevin Martini is the host of the Martini Mortgage Podcast and episode 64 is called: “Waiting For The Lower Rates”
Kevin Martini | NMLS ID 143962 | Senior Mortgage Strategist & Branch Manager | Martini Mortgage Group at Benchmark Mortgage | Ark-La-Tex Financial Services, LLC NMLS ID 2143 | 223 S West Street, Suite 900 Raleigh, NC 27603 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity