Mortgage News
Feds are meeting. Interest rates are trickling down. Whispers of September rate cuts in the air.
Here's all you need to know:
- There is effectively a 0% chance the Fed cuts rates tomorrow
- There is some chance the Fed says something that affects the market's outlook for a rate cut in September (currently seen as a near 100% certainty)
- Whenever the Fed ultimately cuts, that rate cut itself has zero immediate bearing on mortgage rates. If the market sees a 100% chance of a September cut, then a September cut will not cause any change in prevailing rates (apart from the Fed Funds Rate itself which is only a mortgage rate inasmuch as certain HELOCS use it as an index)
Mortgage News is provided by Mortgage News Daily.
My top 5 things to do in June!
1. Metro Cruise on 28th Street! - From Grandville Plaza to Cascade Village, line 28th St and watch the best of the best cars Grand Rapids has to offer! August 23-24
2. Coast Guard Festival - 100 years! Now through August 4! Parade and Fireworks with drone show at night on Saturday!
3. Polish Festival in Grand Rapids August 23-25 - Enjoy polka, drinks and Kielbasa 3 days straight throughout the city of Grand Rapids. Don't forget your red!
4. Brena's Beach Bash at Valley Ball field - Wear your best Island/Beach attire, and come have fun with GR's favorite party band... BRENA!!
5. Mackinac Island Fudge Festival For an entire weekend, the Mackinac Island Fudge Festival celebrates the Island’s most famous treat
Putting the 'Tea' in Realty
Buyers beware! There are changes in the air that may make you a little uncomfortable. In order to see a home, you will now have to sign a showing agreement (for a specific house) or a buyer's agency agreement (for a specific period of time). With buyers already hesitant to get locked into a contract for one home. Never fear! I'm happy to help whenever you need it! Our buyer contract can be cancelled in writing 24 hours before the next showing. The purpose is to protect your information and negotiate my fees on your behalf. I will work hard to negotiate and think outside the box with my lending partners to make sure you are able to get the assistance needed to make your move!