Property Play: Walker & Dunlop CEO says mortgage rates may actually rise on a Fed cut

Interest Rate Trends - Mortgage rates dropped to a three-year low before the Fed meeting, but may increase later [1] - Walker anticipates a slight sell-off of the 10-year Treasury after the Fed's expected 25 basis point rate cut [3] - Walker notes current rates are unexpectedly low and beneficial for commercial real estate borrowing at 55% to 65% [3] Market Predictions - Market sentiment suggests buying on the rumor and selling on the news regarding rate movements [2] - The market is expected to be higher in two to three weeks [2] Economic Context - Historically, Fed cuts during recessions lower the 10-year Treasury yield, but this may not occur now due to the absence of a recession [1] Policy and Regulation - Discussions include the future of Fannie Mae and Freddie Mac, involving Treasury Secretary Bessant and FHFA Director Bill PY [4]