From the Source: Rates May Drop – Volatility Won’t
Fed Chair Jerome Powell shook up expectations in his Jackson Hole speech, hinting at a possible rate cut in September and pushing 30-year mortgage rates down to roughly 6.5%. Though that’s a win for affordability, Sagent’s CEO Geno Paluso (in a recent article with HousingWire) reminds the industry: “lenders must stay prepared for continued rate volatility.”
“Mortgage rates have traded lower for now, which is a win for borrowers and lenders,but lenders must stay prepared for continued rate volatility as the Fed and markets balance unemployment and inflation risks.”
Sagent leadership is comprised of visionaries who get the details about constantly changing mortgage markets, regulations, and homeowner needs.
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