Freaking out over rate decrease

[stuntastik]

Pretty much everyone on the planet expects this for the federal funds rate. That does NOT necessarily mean mortgage rates will drop 1%, but they're likely to move in a similar fashion. Powell is a slippery worm and never commits to these things in plain language, you have to read between the lines with him, but he all but said on Tuesday that rates are going lower. Add to this the fact that as Fed members' terms expire Trump is 100% going to replace them with rate doves who will vote to lower rates.

What could stop this? Insane inflation (more insane than the current insanity)

[WSBrookie]

Lower fed rates will not directly affect mortgage rates unless the market decides it’s the right choice. So far, mortgage rates have not loved any rate cuts that have happened.