My late to the party post about the Fed rate cut

My apologies for the lateness of this. One of our key personnel quit abruptly and we had to pick up the work she left behind. In September the Fed surprised many not by the rate cut but by the size of it. Inflation looked tame and many sectors including real estate needed lower rates and we got them. Right after the cut investor 30 year loans with points paid when down to 5.25% with 25% down. This caused a brief flurry of investor action but then things changed. Economic news came in hotter than expected and this couple with market anxiety about the election caused rates to start going back up. Now investor rates are more like 6% to 6.125% with points, still better than before but higher than we need it to be. Next week two things could change everything. We hope for a safe election but Republican lawsuits have already been filed that may make this unsettling for the market. Then the FOMC meeting is coming and we all thought that the Fed would lower rates again but who knows it there is turmoil next week. I have been advising my investors to hold tight and wait to see what happens. Trying to predict next week is like gambling in Vegas, you either win big or lose big. Taking a wait and see attitude I believe is wise. To know more about building wealth by investing in Oklahoma City or Tulsa real estate please emaIL us at [e-mail].