This is a YouTube video titled "Rate Cuts in December?" featuring Derek McGowan discussing the Federal Reserve's potential rate decisions and their impact on mortgage rates, emphasizing the importance of upcoming economic data reports in December 2024.
The Fed might not cut rates at their upcoming meeting. And for mortgage rates, that actually could be okay. Again, if it was as simple as the Fed cutting rates and mortgage rates follow suit, I wouldn't be needed. I probably wouldn't have a job. But again, it's deeper than that. Mortgage rates care about the data. Mortgage rates care about December 6th jobs report and December 11th inflation report. So when the Fed meets on December 17th or 18th, they're just going to react off of the actual data. But these are the reports that will move the mortgage market. So this is what we have our eyes on. So again, it's deeper than that and we'll keep you informed.
