Fed also announced a scaled back plan for 2025 rate cuts, only 2 next year, oh boy.
Within seconds of todays cut, the mortgage industry threw up on its shoes.
Mortgage rate reprice notices flooded my inbox
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12/18 Fed Cuts Rates By 25pbs;Mortgage rates jump
12/18 Fed Cuts Rates By 25pbs;Mortgage rates jump
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Interesting that gas prices jumped two days ago. No major increases during the presidential primaries and votes, no increases during the troubles in Israel, but now, right on the cusp of other economic issues - gas goes up. Been working in the energy sector last 7 years and imho the more you know about what influences the price at the pump - the less you know. Seriously. I know, I know, OPEC cut production, supply dropped etc. But it's the timing that interests me.