Navigating Current Mortgage Interest Rates With Park Place Financial Group

 Market Update:

Since the economy is proving to be resilient, recent strong economic data is reducing the urgency to lower interest rates. Federal Reserve officials have suggested more economic data is needed to confirm that interest rate cuts are appropriate. A rate cut at the March Federal Reserve meeting was already priced out of the market, and now cuts in May are also seen as unlikely.

The current consensus in the market is for 4 cuts in 2024, starting with the June meeting.

Staying informed about the upcoming rate expectations is extremely important. If you're looking to buy a home don’t delay a purchase in expectation of a future rate drop. 

For more information about the market or to apply for a loan please reach out to Joe Costa at 

Park Place Financial Group

619-990-7552

www.parkplacefg.com

info@parkplacefg.com