Oklahoma Mortgage Group - Mike David

If you're keeping track of the Tulsa mortgage market or are a realtor in the Tulsa area, today's update from Federal Reserve Chairman Powell is particularly relevant. Understanding the movement of mortgage rates is crucial, especially in the Tulsa market. Powell's recent speech provided some key insights, indicating a potentially stable period ahead for mortgage rates. Here's a simplified breakdown of the key points: - The yield on 10-year Treasury notes, a significant indicator for Tulsa mortgage rates, has decreased to 4.01%. - Mortgage-backed securities, closely tied to Tulsa mortgage rates, have seen a notable increase in value. Let's delve into Powell's speech to understand its implications for the Tulsa mortgage market: 1.Policy Tightening : The Federal Reserve is open to increasing rates if necessary, but the current outlook suggests stability. 2. Interest Rate Peak : It appears that the interest rates, a key factor for Tulsa mortgages, might have reached...

  If you're keeping a keen eye on the Federal Funds Rate, you're in for some interesting developments in the coming years. Here's what's on the horizon: The Pause Button is On First things first, mark your calendars for Dec 13, 2023, Jan 31, 2024, and Mar 20, 2024. Why? Because the Federal Reserve is hitting the pause button on these dates. That's right, no rate hikes or cuts. It's a time to take a breather and see how the economic winds are blowing. Trimming Down on May 1, 2024 Fast forward to May 1, 2024, and there's a small but significant change coming. The Federal Reserve plans a slight trim of 0.25%, bringing the Federal Funds Rate to a comfortable range of 5.00-5.25%. This move signals a cautious but optimistic approach towards managing the economy. Looking Ahead to November 2025 Peering further into the future, by November 2025, there's an anticipation of further reductions. The Federal Funds Rate is expected to cool down to a chill 3.80%. It...