05/01/2024
The verdict is in folks!
"As expected, the Fed announced no change in the federal funds rate for the third consecutive time this year, and it will be important to monitor the market, especially the inflation rate, and see what happens at the next Fed meeting on June 12, 2024."
Long story short, due to higher than expected inflation thus far in 2024 the Fed is not going to reduce rates. They will meet again 6 weeks from today and announce another decision. While this is not ideal for future homebuyers, there are still a ton of options on how to get the most bang for your buck when buying a home. Please give me a call today if you are considering a home purchase or refinance in the near future. Together, we can make sure you are equipped with the necessary tools when home shopping.
Cell: 502-424-0550
Email: [email protected]
NMLS # 1773449