BiggerPockets Real Estate Podcast - Fed Rate Cuts: Who Should Rate Lock or Refinance ASAP

Episode #1176 Join the Future of Real Estate Investing with Fundrise: https://fundrise.com/pockets Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab Dave’s Book, “Real Estate by the Numbers”: https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders _On the Market_ 357 - Rising Unemployment Could Spill Into Real Estate (But By How Much?): https://www.biggerpockets.com/blog/on-the-market-357?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none The Federal Reserve has finally cut rates. Will mortgage rates follow? If you’ve been waiting to rate lock or refinance, is now the time, or does the market think we have even further to fall? With inflation coming down from past years’ peaks and unemployment slowly ticking up, the Fed made the decision everyone was waiting for: cut rates…cautiously. There are still more 2025 rate cuts lined up, but they may not have the effect on mortgage rates that many people think. Many expect mortgage rates could dip into the mid-5% range by late 2025—Dave isn’t so sure. Today, we’re giving you a full recap of the Fed meeting and their announcement, what current mortgage rates are, and interest rate predictions for the rest of 2025 and into 2026. Plus, Dave shares who should consider rate locking and refinancing right now as mortgage rates have fallen over the past couple of months. If you missed the Fed meeting, don’t worry, this episode will get you up to speed! 0:00 Fed Finally Cuts Rates 1:16 Fed Announcement Recap 4:00 Future Fed Rate Cuts 6:05 Current Mortgage Interest Rates 9:52 MARKETING PLUG: Fundrise 10:04 Mortgage Rate Predictions 15:47 Are 5% Rates Possible? 23:00 Should You Rate Lock/Refinance?