#federalreserve #ratecut #housingmarket The Federal Reserve cut the Federal Funds rate to 5% from 5.5% and expects to lower another 50 basis points this year. Over the next few years that number is set to decrease even more. Post the Federal Reserve taking action to cut the rates, the rates on a 30-year fixed mortgage dropped to 6.09%. That is down over a percentage point from last year at 7plus percent. Looks like we can expect to lower the rates to 3 or 4% in the next few years. It maybe time to purchase a home, make sure you take advantage of the lower interest rates - we can`t expect a domino effect on home prices, but, it is looking better for 1st time buyers or people looking to refinance. --------------- 🏷Related Hashtags: #federalreserve #ratecut #housingmarket -------- 💬 Did you enjoy this video? Share your thoughts in the comments below! ✅ Subscribe to my newsletter and other social media channels: howielim.com/ ✅ Subscribe for more videos using this link: / @howie-lim --------------- Welcome to the Official RUclips Channel of Howie Lim! 📈 I'm sharing my personal finance journey with you, along the way I hope to teach and learn as a forever student. Why am I so passionate about this subject? As a youth I saw relatives mismanage their money due to greed, instant gratification and lack of financial knowledge. I vowed I would not take the same path! Hit subscribe, activate the notification bell and let's navigate this exciting journey together! 🔔 --------------- 📲 Connect with me here! Instagram ▶ / howardichirolim LinkedIn ▶ / howardichirolim TikTok ▶ / howardichirolim Twitter ▶ / howielimjr 📬 Contact me anytime: howard@incredibleconsulting.jp --------------- 🎬 Check out my other videos: ✅✅ Why you should invest after $40,000 | Howie Lim 🎬🎬 • Why you should invest after $40,000 |... ✅✅ Analysis of Starbucks Stock 📈 | Howie Lim 🎬🎬 • Analysis of Starbucks Stock 📈 | Howie... ✅✅ HIGHLIGHTS - NVIDIA CEO Jensen Huang Reveals Revolutionary AI Chip at COMPUTEX 2024 (Highlights) 🎬🎬 • HIGHLIGHTS - NVIDIA CEO Jensen Huang ... --- 🎬 Video Chapters: --------------- Thank you for watching this video, Click the “SUBSCRIBE” button to stay connected with this channel. -------- #HowieLim
#federalreserve #ratecut #housingmarket
The Federal Reserve cut the Federal Funds rate to 5% from 5.5% and expects to lower another 50 basis points this year.
Over the next few years that number is set to decrease even more.
Post the Federal Reserve taking action to cut the rates, the rates on a 30-year fixed mortgage dropped to 6.09%. That is down over a percentage point from last year at 7plus percent.
Looks like we can expect to lower the rates to 3 or 4% in the next few years.
It maybe time to purchase a home, make sure you take advantage of the lower interest rates - we can`t expect a domino effect on home prices, but, it is looking better for 1st time buyers or people looking to refinance.
---------------
🏷Related Hashtags:
#federalreserve #ratecut #housingmarket
--------
💬 Did you enjoy this video? Share your thoughts in the comments below!
✅ Subscribe to my newsletter and other social media channels:
howielim.com/
✅ Subscribe for more videos using this link:
/ @howie-lim
---------------
Welcome to the Official RUclips Channel of Howie Lim! 📈
I'm sharing my personal finance journey with you, along the way I hope to teach and learn as a forever student. Why am I so passionate about this subject? As a youth I saw relatives mismanage their money due to greed, instant gratification and lack of financial knowledge. I vowed I would not take the same path!
Hit subscribe, activate the notification bell and let's navigate this exciting journey together! 🔔
---------------
📲 Connect with me here!
Instagram ▶ / howardichirolim
LinkedIn ▶ / howardichirolim
TikTok ▶ / howardichirolim
Twitter ▶ / howielimjr
📬 Contact me anytime:
howard@incredibleconsulting.jp
---------------
🎬 Check out my other videos:
✅✅ Why you should invest after $40,000 | Howie Lim
🎬🎬 • Why you should invest after $40,000 |...
✅✅ Analysis of Starbucks Stock 📈 | Howie Lim
🎬🎬 • Analysis of Starbucks Stock 📈 | Howie...
✅✅ HIGHLIGHTS - NVIDIA CEO Jensen Huang Reveals Revolutionary AI Chip at COMPUTEX 2024 (Highlights)
🎬🎬 • HIGHLIGHTS - NVIDIA CEO Jensen Huang ...
---
🎬 Video Chapters:
---------------
Thank you for watching this video, Click the “SUBSCRIBE” button to stay connected with this channel.
--------
#HowieLim