The Fed Just Said No Rate Cut
The Fed just made its decision — no rate cut. Three officials voted to raise rates, and Wall Street now expects a hike as soon as September. Debbie breaks down the 9-3 vote, new Fed Chair Kevin Warsh, and what it all means for your mortgage.
The Fed just made its decision — no rate cut. In fact, three Fed officials voted to raise rates, and Wall Street now expects a hike as soon as September. So what does that actually mean for your mortgage?
On today's show, Debbie Marcoux — The Mortgage Mom — breaks down the Fed's 9–3 vote, new Fed Chair Kevin Warsh, and the one thing most people get wrong: the Fed doesn't set your mortgage rate. You'll learn why mortgage rates climbed to near one-year highs even while the Fed sat still, what a September hike would mean for buyers and homeowners, and why waiting for lower rates has been costing people money all year.
Whether you're buying your first home, thinking about refinancing, or just trying to make sense of the headlines, this episode gives you the plan.
Mortgage Mom Radio is live every Wednesday at 3PM PT. www.mortgagemomradio.com questions@mortgagemomradio.com (844) 935-3634
Debbie Marcoux, Mortgage Loan Officer · NMLS ID #237926 2150 Kiowa Blvd N, Suite A-108, Lake Havasu City, AZ 86403 JMJ Financial · NMLS ID #41DBO-46011 · California DBO Corporate Office: 26800 Aliso Viejo Pkwy, Suite 200, Aliso Viejo, CA 92656 Loans are subject to credit approval. Terms and conditions apply. This is not a commitment to lend. Licensed in 13 states: Arizona LO-0941504, California CA-DBO237926, Florida LO76508, Georgia 69178, Hawaii HI-237926, Idaho MLO-2080237926, Illinois 031.0058339, Nevada 57237, North Carolina I-210940, Oregon 237926, Tennessee 184373, Texas 237926, Washington MLO-237926. Verify any license at nmlsconsumeraccess.org.
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