The Expert Podcast

• Dave Pel Granelli, licensed Commercial Insurance Producer and retired Mortgage Broker, discusses the current outlook on interest rates and its impact on mortgages and the real estate market.

• A year ago, expectations were for multiple rate cuts, but now it seems unlikely.
• The Federal Reserve is cautious about cutting rates due to inflation concerns.

• Mortgage rates are influenced by the Federal Reserve rate, markup from mortgage companies, and market conditions.
• Even if Federal Reserve rates remain stable, mortgage rates could adjust due to market dynamics.

• Anticipation of rate cuts may lead to slight decreases in retail mortgage rates.
• Mortgage companies plan for long-term rates, potentially baking in future cuts into current rates.

• Buyers are adapting to current rate ranges (6% to 7.5%), stabilizing home-buying budgets.
• Increased confidence in rate stability may boost home sales and listings.

• More inventory and home purchases are expected, leading to a normalized market by year-end.
• The upcoming election is a variable, but its impact on the real estate market is projected to be minimal.

• Buyers with liquidity are driving the real estate market forward.
• Consultations available with experts in insurance, real estate, and more at ActualHuman.com for personalized advice.

• Viewers can schedule one-on-one consultations with licensed experts via ActualHuman.com for tailored advice.