Why Mortgage Rates Aren't Awesome... Yet

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 1 October 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

After the Fed's decision to cut interest rates, why didn't the average mortgage rates drop significantly? Nicole explains the relationship between the Fed rate and our mortgage rates and when they do— and don't— move together. Hopeful homebuyers, this one is for you! $ Take control of your finances by using a Chime checking account with features like no maintenance fees, fee-free overdraft up to $200, or getting paid up to two days early with direct deposit. Visit: http://chime.com/MNN $ Looking for the perfect holiday gift for your coworkers, friends, and everyone in between? Choose Nicole’s favorite wine, Justin. Get 20 percent off your order for a limited time with the code “MONEY20” at http://justinwine.com/ $ Ready to find a financial advisor that’s right for your financial goals? Get matched with a trusted, vetted financial advisor at: http://moneypickle.com/MNN All investment strategies involve risk of loss. The information shared in this podcast is for informational and entertainment purposes only. Listeners should do their own research and consult a financial advisor before making any investment decisions. See terms for additional details: https://moneynewsnetwork.com/terms/

Transcript

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0:00.0	Tis the season to start holiday shopping. I know I can't believe it either. And if you're looking to give someone special something special, give them Justin wine. With a rich history of accolades, Justin produces exceptional wines and is proud to be America's number one luxury
0:15.6	cabernet.
0:16.6	That's why I gave it to my producer Morgan last year for the holidays and she loved it.
0:20.5	So I can personally say that this is a very excellent gift to give your favorite
0:23.8	coworker. Whether you're a first-time wine drinker or a wine
0:26.5	aficionado Justin has a wine for everyone, every occasion, and every
0:30.8	celebration. Since 1981 Justin has been producing world-class
0:34.4	Bordeaux-style wines from Passerobles on California Central Coast. And if you're
0:38.8	trying to impress this holiday season Justin has you covered there as well
0:41.6	Justin offers curated gift sets,
0:44.0	library wines, magnums, and even custom etched bottles. Personalize the gifts
0:48.6	with a custom message icon or a logo. Go to Justin Wine.com and enter code Money 20 at
0:53.9	checkout for 20% off your order. Justin offers the perfect gifts for clients,
0:59.0	colleagues, family, friends, everybody. Be sure to check them out at Justin Wine.com
1:04.0	to receive 20% off your order for a limited time.
1:08.9	I'm Nicole Lapin, the only financial expert
1:11.1	you don't need a dictionary to understand. It's time for
1:14.3	some money rehab.
1:20.3	Last week we talked about the Fed's decision to hike rates and what it means for your
1:27.2	wallet. I told you that I would be digging deeper into what a rate cut would mean
1:30.9	for potential homebuyers and ta-da! Here we are. This one's
1:34.7	for you money rehabbers who are dreaming of buying a home and not at insane rates.
	...

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