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Reply to "Will DC housing prices rise if/when Fed cuts rates in September?"
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[quote=Anonymous]It feels like people are a little delusional on the magnitude / impact of rate cuts. The fed may indeed cut rates a few times in the next year or so, which might mean short term rates end up somewhere near 4.5% (from 5.25% currently). The ten-year, which mortgages are based off of, is around 4.2% right now. Even if the ten year didn't budge, we'd still have a slightly inverted yield curve, which is abnormal. No reason to expect, necessarily, that the ten-year will drop in parallel, and hence that mortgage rates will drop significantly, particularly if inflation sticks around. That means, as usual, that you should buy now if you find something you like and can afford. But don't pretend you know the future and can say with any kind of certainty that short term rate cuts mean long-term / mortgage rate drops mean prices go up more.[/quote]
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