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Patrick Stone Reacts to Fed Rate Cut and Offers Optimistic Outlook for 2025 Real Estate Market
Manage episode 441828780 series 3351971
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September's long awaited and much anticipated Fed rate decision delivered a surprising 50 basis point cut, much to the delight of real estate professionals. And while the Fed Funds Rate doesn't directly impact mortgage interest rates, it does impact the spread, which sparked an uptick in applications to refinance. In this episode, WFG Chairman & Founder Patrick Stone joins us to unpack the rate cut and offer his optimistic outlook for the close of 2024 and the year ahead.
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