
In today's market news, mortgage rates have seen a slight increase due to the Federal Reserve's recent interest rate hikes. However, there is some potential for stability ahead. Following a 25-basis-point increase on May 3, the Fed has indicated that this might be the last hike for now. The central bank is considering a pause in rate hikes and keeping rates steady to bring inflation down to its 2% target. If inflation continues to decrease, experts believe that a pause in rate hikes could bring stability to the current volatile mortgage rate market.
Host: Tony Cardenas www.indypodcast.media
Shelly Walters FC.Tucker
Justin Griffith Keller Williams
Kyle Morris FC.Tucker