📊 Interest rates are holding steady, but what’s next? In this episode of Mortgage, Markets, and More, I break down the latest bond market moves and mortgage rate updates, including a review of the Fed’s recent activity and what it means for homebuyers, sellers, and refinancers alike! 🏡💼

Plus, I’m excited to debut our new Did You Know? segment! This week, I uncover a surprising fact about first-time homebuyer loans and how you could qualify for a mortgage with just 3% down. 🤯

Wondering if we’ll ever see 3% mortgage rates again? I share my thoughts on that (spoiler: probably not, but there’s hope for 5% soon!). I also dive into how upcoming market shifts could impact your next real estate move.

🎙️ Tune in for some actionable insights and stay ahead of the curve. #MortgageRates #HomeBuying #FedUpdate #FirstTimeHomebuyer #RealEstateTips #DidYouKnow

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Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
Peter.DAngelo@Rate.com

*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.

📉 The Fed cuts rates! What does that mean for your mortgage? 🤔 In this week’s episode of Mortgage, Markets, and More, host Peter D’Angelo dives deep into the latest developments after the Fed’s surprise 0.5% rate cut. The focus? How this impacts first-time homebuyers, sellers, and those considering refinancing. 🏡

Learn about the domino effect of rate cuts on mortgage interest rates, the potential shifts in the housing market, and what we might expect as inflation drops and unemployment rises 📈. Peter also walks through a real-world scenario of buying a home, comparing mortgage costs from 2020 to 2024. 💼 Plus, with interest rates on the verge of another cut, is now the time to buy or sell? 🤔

🎙 Listen in for actionable insights and stay ahead of the market curve! #MortgageRates #FedCut #RealEstate #HomeBuyingTips #FirstTimeHomeBuyer #RefinanceSmart

Watch this episode on Youtube!

Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!
Interested in your Refinance options? Submit your Refinance inquiry here!

Follow me on:

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Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
Peter.DAngelo@Rate.com

*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.

Welcome back to "Mortgage, Markets, and More"! It's your resident market maestro, Peter D'Angelo, thrilled to be here after our summer sabbatical. I've missed these chats, haven't you? Well, brace yourselves, because we're jumping back into the fray with an autumnal agenda packed with action, analysis, and a pinch of personal passion—because hey, there's more to life than interest rates, even for a seasoned pro like yours truly!

Here we stand, on the cusp of a bustling fall—a season that's shaping up to be a hotbed for home hunters and finance fans alike. I'm fine-tuning my forecasting fiddle in anticipation, ready to serenade you with predictions that could define the year's end.

But let's not rush the symphony. Before we escalate to the crescendo, let's start with the soft strings of inflation and employment, the dual sonata the Fed has been diligently composing. A symphony marked by persistent pizzicatos of rate adjustments—some louder, some softer, always aiming to strike that harmonious 2% inflation target.

Now, my fellow aficionados, gather 'round as we digest the latest delicious data:

• Inflation's personal consumption yardstick, showing a modest 0.2% July jitter, with hope hanging high for easing rates
• Employment's tune turning a tad somber with a less-than-stellar August fanfare
• And updates to previous job movements that might just ripple into our real estate realm

Looking ahead, eyes are glued to the September Fed symposium—a potential prelude to rate cuts, as market maestros place their bets on more manageable melodies for mortgages and beyond.

Now, the treasury numbers are humming a hopeful tune—yields are dipping and dodging, smoothing out the curves that once warned of economic ebbs. Could this be the overture of opportunity for our real estate revelers? Time will tell.

Feast your eyes on the mortgage rate harmonics, currently hitting the lowest notes we've seen in a year:

• A 30-year fixed rate that's practically purring at 6.11%
• The FHA harmonizing at 5.67%
• Those jumbos belting a mellow 6.7%
• The 15-year fixed flirting with 5.62%
• And even our flexible ARM friends finding their groove around 6.13%

My musings, you ask? Well, I envisage a bustling market as the chill sets in—a clamor of competition could rattle the windows if inventory sprouts. A caveat, though: the ghost of foreclosures past might loom, threatening to mute our ongoing march to market vibrancy.

Whether you're a neophyte in the home-buying arts or a virtuoso in value visions, now is the moment to orchestrate your plans, tune your ambitions, and ready your bids—because the tempo of the times is quickening, and I'll be here to keep you in the rhythm. Don't be a stranger—share your thoughts, subscribe to our sonnet, an

Watch this episode on Youtube!

Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!
Interested in your Refinance options? Submit your Refinance inquiry here!

Follow me on:

• Facebook
• Instagram
• LinkedIn
• YouTube

Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
Peter.DAngelo@Rate.com

*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.