From the Source: Fed hold interest rates steady as markets eye Sept cut
The Federal Reserve has decided to keep interest rates steady amid persistent inflation, with most market watchers now anticipating a possible rate cut in September as economic data remains mixed. While some experts believe relief for the housing market could come soon, others caution that home sales may continue to lag without significant policy changes—here’s what Sagent CEO Geno Paluso had to say about it HousingWire’s and National Mortgage News’ recent update.
What’s uncertain is the near-term path to lower rates as the Fed assesses inflation and employment risks. What’s certain is that when rates do drop, the mortgage industry is very astute at capturing refi opportunities for consumers, and our job at Sagent is to help servicers be ready when these opportunities come.
Sagent leadership is comprised of visionaries who get the details about constantly changing mortgage markets, regulations, and homeowner needs.
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