The Fed is Cutting Rates, Yet Mortgage Rates Keep Climbing?
Last Thursday, January 16, mortgage rates climbed above 7% for the first time since May 2024. Rates fell to as low as almost 6% in September of last year before this surge. In December, the Federal Reserve (the “Fed”) lowered the federal funds rate for the third time, bringing its target policy range down 100 basis points (or 1%) from 5.25%-5.50% to 4.25%-4.50%. Following the 0.25% interest rate cut at the December Fed meeting, Federal Reserve Chairman Jerome Powell made the following comments, which cast some doubt to markets over the Fed’s future rate-cutting path:
$275,000 in revenue, $365,000 in equity, and a stay-at-home-wife
In the fall of 2015, at the age of 25, I embarked on my real estate investing journey by purchasing a two-family home. I didn't come from a wealthy background, nor did I have extensive experience in real estate, but I had determination, a solid plan, and the support of a first-time homebuyer program. This property has since become a cornerstone of my family's financial future. In less than a decade, it has generated $275,000 in revenue, built $365,000 in equity, and allowed my wife to become a stay-at-home mom. I want to share how I was able to achieve this: