Ep. 160 - 5 Signs That Mortgage Rates Will Drop Soon | The Jerome Powell Show

Are you curious about what’s going on with the economy and mortgage rates? In this episode, Quinton breaks down the May 1st Federal Open Market Committee meeting, where the Fed chose to maintain a pause on interest rate hikes. Quinton discusses the implications of the Fed's shift towards less restrictive policies, including their plan to purchase treasuries and the potential for mortgage rate relief. He also explores the significance of key economic indicators, 

such as the job market reports and inflation indexes, and how they may influence the Fed's future actions. If you’re in the real estate industry or looking to buy or sell your next home, you won’t want to miss this episode.

[00:00 - 01:03] - Introduction

[01:04 - 01:51] - Fed Maintains Rate Pause

[01:52 - 03:13] - Quantitative Tightening Explained

[03:14 - 04:29] - Fed's Less Restrictive Stance

[04:30 - 05:44] - Potential Interest Rate Relief

[05:45 - 07:40] - Stagflation Concerns 

[07:41 - 09:12] - Job Market Strength 

[09:13 - 12:48] - Unemployment Rate 

[12:49 - 14:15] - Anticipated Fed Rate Cuts

[14:16 - 18:08] - Fed's Political Stance

Resources:

Downloadable chart: https://bit.ly/wy1mchart

Key Quote:

“Calm waters don't make good captains.” - Quinton Harris

_______________________

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

Watch the podcast on Spotify for full video episodes, Q&As, and community polls! 

Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 

Please subscribe, share, and leave a review to let us know you want to keep the content coming!