The Fed’s ONLY Trigger for Lower Rates

The Sell for 1 Percent team breaks down the July 1st market, where Columbus-area inventory has climbed to 5,400 listings while conventional mortgage rates hold in the mid-sixes. Rich Sircone offers a take from his 30 years in banking—the Fed only takes significant action to lower rates when the stock market takes a major hit—meaning relief isn’t likely while Wall Street is thriving. For local homebuyers trying to move before school starts, this means the pressure is on, as a typical 30-day close requires getting under contract by mid-July to make that August move-in date.

Watch the full video on YouTube: https://youtu.be/pDM4vJWc2V0