Beyond the Rate Quote: Fed Meeting Impacts and Interest Rate Fundamentals
December 20, 2024

Written By: Brandi Paucek
December 20, 2024
Interest Rates
30-yr fixed | 6.99% |
15-yr fixed | 6.25% |
30-yr fixed FHA | 6.65% |
30-yr fixed VA | 6.65% |
Interest Rates: Fed & PCE Week
The week was calm until the Fed meeting on Wednesday. The stock market and the mortgage market took large hits after the Fed revealed its lowered expectations to cut just twice next year for around 0.50% due to stubborn inflation. Today’s PCE report helped us recover some of the losses and got us back to the lows of last week. Next week is quiet for the holiday, and the new year will likely start where this one is ending.
How Interest Rates Work
“What’s your rate?” That is the number one question I get as a lender. Most people don’t know that this isn’t a one-number answer. There are several factors that go into the interest rate a client ends up in.
Here is a good chunk of those parameters:
My Favorite Things: New Year’s Eve
My family has a tradition of taking a vacation during the second week of school winter break. This year, we are being very adventurous and traveling halfway around the world—down under to Australia! We are so excited to experience the culture and beaches of the east coast of the island nation. We are so blessed to take this trip with our 12—and 14-year-olds and have a bucket list experience!
Upcoming Events: Christmas Eve Luminarias & Dancing Santas
Moon Valley has a Christmas Eve tradition of all 1600 homes lighting luminarias on the sidewalks throughout the neighborhood. It’s beautiful and lots of fun to drive through. Don’t miss the Dancing Santas on Tam O’ Shanter and Candy Cane Lane on West Country Gables Dr!