WAS I RIGHT OR WRONG ABOUT MORTGAGE RATES? Could it be both? What happens next?

Previously in early September (the 4th to be precise), you may have read BUY THE RUMOR, SELL THE FACT here on my BLOG. I said mortgage rates might go up after the Federal Open Market Committee (FOMC) met on September 17th. While the Fed cut rates that day as expected, did you notice what mortgage…

The Federal Reserve controls the Fed Funds rate, the interest rate banks charge each other for borrowing short-term funds. The Fed Funds rate went down to 4% after the Fed cut rates on October 29, 2025. The Prime Rate is based on the Fed Funds rate. The Prime Rate is set by large banks and…

I attended a Real Estate and Mortgage Professionals Mixer and Presentation last week for the San Francisco Women’s Council of Realtors, but I was sitting in the audience and was not on stage. A friend of mine was on stage and asked me during his presentation the trick question: When did the Fed last cut…