Sacramento Market Update 9.25.2024
View this email in your browser We got the Fed Funds rate cut we've been waiting for last week. Remember, the financial markets are a forward looking discount mechanism. The bond market and 10yr yield that we like to track in this newsletter was way ahead of this decision. If you've been re
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Sacramento Market Update 09.18.2024
View this email in your browser A very big day as we have the September FOMC meeting later this morning. It is widely expected for the Fed to cut their Fed funds rates by at least .25bps, and there is a more than 50% chance for a .50bps reduction. We have been tracking this since 2022 when the
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Sacramento Market Update 9.11.2024
View this email in your browser Why is the 10yr yield and 30yr mortgage rate coming down without the Fed cutting rates yet? The financial markets are discount mechanisms, and forward looking. The 10yr yield, which we in this newsletter use to closely keep tabs on our beloved 30yr mortgage rate
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