I will stray from the no-prediction principle of this blog but I agree with Seeking Alpha, I find it unlikely the Fed will cut rates again. You never know, I grant you but I don’t see a clear case for it.
Why? Exactly, why? Why should they? The stock market is doing OK. It’s not good but it isn’t bad. By now, I hope we understand that lowering rates does not effect us in real estate and the mortgage industry in the positive ways we anticipated. Case in point, last rate cut did not stop mortgage rate from going up.
So, with this in mind, I give you, 