A lot of people are really, like you said, they're really banking on 2026 as rates coming down and they're going to make moves. I think a lot of people are positioning, whether it's cash out, get my taxes in order, what do I need to do? What are we looking at and doing it? I work with a lot of real estate investors too. I would say they see this as a window of opportunity now that are just like buy and hold where they're getting deals. They're finding people that just have to sell. Here's my offer. That's low. We'll call me if you want to accept it. I'll take it. But they think this is maybe a really good window to buy. And when rates come down, there's going to be much more competition. So maybe they're kind of like, I'm going to buy as much I can right now because this might be a short window.

Welcome to the Rich Strummers Report where we talk real estate, business, and wealth building,

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All right, guys, welcome to another episode of Report Port. Today, I got a good friend of mine

joining me on the podcast for not the second time, but the third time. This guy is an expert

in the economy, the capital markets. And guys, there's a lot of news coming out with the Fed rate

cuts, potentially a new Jerome Powell's going to be getting replaced come April, May of next year.

I got my man, Kenny Simpson. Kenny, welcome to the show. What's up, guys? Thanks for having

me, Rich. Good to see you. Yeah, dude. Good to have you, man. A lot of news in the marketplace,

especially pertaining to the capital markets today. Fed just came out and did their second consecutive

rate cut and the 10-year treasury jumped about 10, 12 basis points.

So a lot of interesting stuff going on today. But give us a snapshot of what your thoughts are

in the rate environment today. Yeah. So I always tell people as we approach the rate and they're

going to cut, you're always going to probably get more love on the 10 year before than after and

always seems to give some back. It's 10 year before than after and always seems to

give some back. That's been like kind of the continual cycle. And I think you're seeing that because the market pulls back and says we're going to get the cut. Are we going to get it? They get it. And then now the market's on to the next cut, the next thing, right? It's kind of crazy we live in this world. It's the next thing, the next thing, the next thing. So as far as rates, I think slowly and steadily

down the hill we're coming. You know, we were low, came up the hill, now we're coming back down. Not as fast as we want, but I think slow instead he's good for, especially for the industry. I mean, if rate dropped a point tomorrow for like commercial, residential, it'd be a disaster. Nobody's staff to handle it so i think it's good but i think

i keep telling everybody from today till next year rate dropping uh 1% i think it's a very conservative

number to kind of bank on i think trump if he gets his new regime in there um he might manipulate it down

more because he wants to so So you might see more,

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