Recently, Fed Chairman Jerome Powell delivered a highly anticipated speech in Jackson Hole, Wyoming. While Powell refrained from declaring victory over inflation, his remarks suggested a significant shift in the Federal Reserve’s focus – from aggressive inflation control to supporting broader economic growth. This shift indicates a growing confidence that inflation is sufficiently under control to allow for the start of a rate-easing cycle. The easing cycle could begin as soon as the September meeting. However, uncertainties remain regarding the pace of rate cuts and the eventual neutral rate the Fed aims to achieve.
If you’ve put your home-purchasing plans on hold in hopes that lower rates await, then your patience could certainly pay off very soon. Explore Movement Mortgage’s interest rate forecast from now until the fourth quarter of 2025 (when they predict that rates will dip below 6 percent).
If you’re interested in loan options to make the transition of owning your previous home to selling to purchasing your new home seamless, then consider Movement Mortgage’s Bridge Loan, which allows you to use your home’s equity as a downpayment for your new home. The Bridge Loan allows for flexible qualifications, making it an option for those who may not meet the qualifications of other standard loans.
For more information, reach out to trusted Movement Mortgage lenders Jolene Messmer, Carese Busby, or Rick King.
