Notices Being Sent In Response To Interest Rate Cuts On The Horizon

This was sent to my email from a home mortgage service. The provider of the loans are usually marketing heavily to the US VETERANS community. I initially attempted to use their services but I went with a more personable lender.

Below is what was included in their current guidance.

Hi Anthony,

Wanted to keep you up to date on some nationwide trends going on in the market. Thought you might find this info helpful!

Inflation has been stickier than anyone expected. However, we’re seeing some light at the end of the tunnel. The June Consumer Price Index (CPI) came in cooler than expected and now sits at 3% for the past 12 months. Morningstar chief US economist Preston Caldwell said, “Today’s news signals that inflation is normalizing and solidifies the case for a Fed rate cut in September.” To be clear, a lot can change between now and September, so nobody really knows what’ll happen but it’s an encouraging sign.

If rates drop, more buyers may jump into the market, which means more competition and higher home prices. I’ve noticed more Veterans who’ve adopted the “marry the house, date the rate” mentality. They’re buying before prices spike again and planning to refinance later as rates drop to lower their payment.

This is just a high-level view, so what you’re seeing on the ground is going to be a little different. Let me know if you’d like to connect and chat through your local market.

I love this stuff and am always happy to talk.

I appreciate you a ton. Take care and I’ll stay in touch!

As I said above, I didn't use their services but I believe they kept my email address in their database.