Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

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Rainmaker
4,555,011
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

And how will this impact anyone?  Perception versus reality.  Yin and yang.  Effect or affect?  It's a topic for discussion.  

Jul 30, 2019 03:26 PM
Rainmaker
5,583,173
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

whatever the reduction may be, the market is on fire....secure as many listings as possible at a fair market price....you'll sell in a day or two....  

Jul 30, 2019 02:18 PM
Ambassador
3,582,259
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

.25 to .50 but it doesn't directly effect interest rates for buying RE. I sure know there is a lot of buzz about it in the markets.

Jul 30, 2019 04:13 PM
Rainmaker
1,498,708
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

1/2 a percent.  I think it will make buyers come off the fence and drive prices back up some as buying power increases.  I think the fed are a bit clueless right now though and doing more harm than good by lowering rates.  Why jumpstart a good economy?  Save the magic bullets for when things start to go south.

Jul 30, 2019 01:39 PM
Rainmaker
5,194,033
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

With interest rates at historical lows much ado about little. Michael Jacobs nailed it!

Jul 30, 2019 04:26 PM
Ambassador
5,204,760
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

0.25? Won't likely impact mortgage interest rates but, it will likely pique the curiosity of buyers who are on the fence this summer! 

Jul 30, 2019 09:25 PM
Ambassador
6,357,805
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

The best answer I can offer it to, ask Caroline, she knows much more about this than I do.

Jul 30, 2019 03:58 PM
Rainmaker
1,840,356
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

That seems to be the goal but I didn't get an inkling on what it would be so I'll say .5.

Jul 30, 2019 03:52 PM
Rainmaker
3,626,524
James Dray
Fathom Realty - Bentonville, AR

I heard it was going to be .25

Jul 30, 2019 03:44 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Caroline,

Whatever helps the economy is great.  We will know tomorrow by 2PM Eastern...11:00 AM Pacific.  A

Jul 30, 2019 02:54 PM
Rainmaker
2,776,061
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

1/4 per cent to a 1/2 is expected. However the psychological benefits exceed

Jul 30, 2019 02:04 PM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

We will just have to wait and see. 

Jul 31, 2019 05:16 AM
Rainmaker
631,996
Jason E. Gordon
CMG Mortgage, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

I think the Fed will cut rates by 0.250% tomorrow. If any of the comments by Jerome Powell indicate a lack of inflation and/or alude that the economy is showing additional signs of weakness, bonds will rally (and mortgage rates will improve). Thanks for the shout Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D 

Jul 30, 2019 08:35 PM
Rainmaker
1,153,744
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I am hopeful that some reconsideration leaves it intact. We have 30yr fixed at what 3.3% give or take. Where do we really need our mortgage rates to be 2.8%, 2.9%. If it ain't broke don't fix it!

Jul 30, 2019 06:48 PM
Rainmaker
1,189,527
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

I don't know to both questions

I want the Prime rate to drop

Jul 31, 2019 07:38 AM
Rainmaker
5,096,466
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have not had a working crystal ball in more years than I can count. What will be, will be.

Jul 31, 2019 05:35 AM
Rainmaker
1,296,186
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I the Fed reduces rate, I expect no more than 1/4%. Rates have been tending down this will move them down some more.

Good for buyers. Good for home sales. Good for the stock market.

Jul 30, 2019 01:45 PM
Rainmaker
2,374,343
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

.25

No

Jul 31, 2019 05:31 AM
Rainmaker
1,325,249
Donald Urschalitz
Lubeck Realty Group - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

I believe they will go for a half of a point. Mortgage rates will stay steady since many countries do not want to buy our debt.

Jul 31, 2019 05:21 AM
Ambassador
5,033,427
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I'm guessing .25 but the reality will be revealed tomorrow! As far as impact time, as always will tell us!

Jul 31, 2019 12:51 AM
Rainmaker
715,949
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Well, we'll see. As you know interest rates and mortgage rates are not necessarily tied together. Mortgage rate is a function of the bond market and demand for money.

Jul 31, 2019 07:15 AM
Rainmaker
959,358
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

The market has already factored the expected change into rates; I would expect little to no change in mortgage rates. If the rate does not change, I would expect the stock market to drop and mortgage rates to increase a bit, then settle after a bit.

Jul 31, 2019 07:04 AM
Rainmaker
244,879
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans in MI, OH, PA, VA, GA and FL.
Jul 31, 2019 04:29 AM
Rainmaker
679,098
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Parked and reading ... great question ... curious!

Jul 30, 2019 09:34 PM
Rainmaker
1,531,244
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I’d ask Jason E. Gordon

Jul 30, 2019 08:25 PM
Rainer
414,827
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Hopefully we all had a bit of fun. .25 is the cut and answer. And no it doesn't mean mortgage rates go down .25 today. BUT the great news is it gets people thinking about buying real estate!

 

Jul 31, 2019 02:46 PM
Rainmaker
1,237,595
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

0.25%.  It is debatable the mortgage rates will change. Too low already.

A few borrowers who purchased in 2006 with low down are still paying 6+%. A few still do not have 20% equity. Help me help me to inflate home value.

Jul 31, 2019 08:02 AM
Rainmaker
756,085
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Getting my 2 cents in before the announcement, 1/4 is my guess

Jul 31, 2019 07:56 AM
Ambassador
3,034,821
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Depends on where you are :) and from what view are looking at:) I am sure there is a lot of rumors and misinformation too:) as is always when they want you to pay attention to one part of something:) 

Jul 31, 2019 07:22 PM
Rainmaker
451,972
Steve Peters, Jr.
Peters Realty - Newport, PA
Broker/Owner Peters Realty

Probably 0.25%...

Jul 31, 2019 09:54 AM
Ambassador
3,339,834
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Crystal Ball Time .... only time will tell. 

 

 

Jul 31, 2019 08:57 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I will wait and see.

Jul 31, 2019 08:28 AM
Rainmaker
5,850,422
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

My lenders always say when the Fed reducing the rate, it does not affect the rate.  

Aug 12, 2019 04:15 PM
Rainmaker
7,794,784
Roy Kelley
Retired - Gaithersburg, MD

Not enough to have much impact on mortgage interest rates.

Aug 03, 2019 04:13 PM
Rainmaker
4,903,546
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

at least .25%

Aug 03, 2019 10:20 AM
Rainmaker
1,723,026
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Post knowledge: 25 basis points. Yup; it will affect mortgage rates but not to the full 1/4%

Aug 01, 2019 08:17 AM