Another Federal Reserve Board meeting has left the Fed Funds rate unchanged at 5.25 to 5.50%. Due to inflation's stickiness being higher than their 2% target, they have reduced the chances of rate cuts to only once this year instead of the original 3-4 times. The 10-year Treasury yield controls mortgage rates, but if the FED were to cut short-term rates, it would significantly assist home buyers in purchasing homes. In the meantime, the seasonal downtrend in interest rates is gaining momentum.
Where are the opportunities to capitalize on lower rates?
