Bess Freedman on Real Estate as Rates Fall

Core Viewpoint - Mortgage rates are decreasing, leading to the largest refinancing wave since early 2022, with potential implications for the real estate market due to anticipated FOMC rate cuts [1] Group 1: Mortgage Rates and Refinancing - The decline in mortgage rates is driving a significant increase in refinancing activity [1] - This refinancing wave is noted as the most substantial since the beginning of 2022 [1] Group 2: Impact on Real Estate Market - The CEO of Brown Harris Stevens discussed how future FOMC rate cuts could influence the real estate market dynamics [1]