I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab. All I wanted for Christmas was some good financial news for you guys and we got some three pieces of good financial news to be exact

Does the whole good things come in three apply to this economy? Maybe and if so I't hate it. Here's the first and most significant

piece of good financial news. In the Fed meeting last week, Fed Chair Jerome Powell,

also known as J.Pow, announced that the Fed would be keeping interest rates the same for now,

which by the way I totally predicted in last week's headline roundup, thank you very much.

And for the Cherry on top, the Fed also forecasted that it would begin lowering interest rates next year.

The market loved this news.

The S&P 500 jumped 1.4% and the Russell 2000 rose 3.5%.

As you know from listening to money rehab, the stock market and the

bond market operate like a seesaw. When one is happy, the other one is grumpy. So with the news that

interest rates might start to decline next year, Treasury yields

dropped significantly. It was actually the biggest one day drop for Treasury since the

SVP crash last March. And if you really want to know the T here, the Fed specifically is forecasting that they will do three rate cuts of a quarter point each next year, which is a better outlook for 2024 than the last time J. Powe gave us his predictions for the future.

And again, when economists start beating their own expectations,

the market basically throws a party.

Good news, numero dose.

After some near impossible conditions in the housing market for three

long years, average mortgage rates dropped to the lowest levels they have been since June

of this year. The average interest rate for a 30-year fixed rate

mortgage went from 7.07% to 6.83%. And I know that doesn't sound like a lot, but

this little drop would save you over 20 grand in interest over the lifetime of your loan.

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