This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. The Federal Reserve cut its benchmark interest rate by 25 basis points on Wednesday, marking the first time it has adjusted them downward in almost a year. The financial markets and industry groups had been anticipating a rate cut of 25 bps, though some investors were hoping for something larger, according to Brent Maier, national real estate advisory leader ...

Group 1 - Current homeowners are benefiting from the anticipated Fed rate cut, leading to a 58% increase in refinance applications in the last week and a 70% increase compared to the same week last year [1][8] - There is a notable rise in demand for adjustable-rate mortgages (ARMs), with the share of refinancing activity tied to ARMs reaching 12.9%, the highest since 2008 [2] - The surge in refinancing demand is driven by a significant drop in home borrowing costs, with the 10-year US Treasury yield decreasing to around 4.02% from a peak of 4.8% in early 2025, influencing mortgage rates [3] Group 2 - The 30-year fixed mortgage rate fell by 15 basis points to approximately 6.35%, marking the largest weekly drop in a year, while the 5/1-year adjustable mortgage rate decreased to 5.7% [4] - Overall mortgage activity is increasing, with total applications up 9.2% in the week ending September 5, indicating strong borrower demand since 2022 [8] - The rising activity suggests a positive outlook for the US housing market, which has been stagnant due to high borrowing costs, with expectations of mortgage rates dropping to around 6.25% by year-end as the Fed resumes its easing cycle [9]

Group 1 - Kevin Simpson, founder and CIO of Capital Wealth Planning, is purchasing Home Depot (NYSE:HD) due to expectations of a rate cut and anticipates a new cycle of home renovation in the US [1][2] - The retail consumer has been waiting for significant upgrades in home appliances and coverings since the pandemic, and there is also potential for renovations in multifamily homes and commercial properties as rates decrease [2] - The London Company Large Cap Strategy has exited its position in Home Depot, citing a high valuation of 18.6x trailing EBITDA and a mixed outlook for consumer spending and housing activity, while maintaining exposure through Lowe's [3]

(Reuters) -The interest rate on the most popular U.S. home loan dropped last week to its lowest in a year, sending homeowners racing to lock in cheaper borrowing costs as slowing jobs growth and expectations for a Federal Reserve interest-rate cut drive down yields on benchmark Treasuries. The Mortgage Bankers Association on Wednesday said the contract rate on a 30-year, fixed-rate mortgage dropped 10 basis points in the week ended September 12 to 6.39%. That was the lowest since early October 2024, and ...

Bank Indonesia’s surprise interest rate cut may continue to put pressure on the rupiah, though a likely weaker dollar may limit further downside, according to analysts https://t.co/JVQw9mtERx ...

Bank Indonesia delivered another surprise interest rate cut, defying recent rupiah weakness to bolster the economy following violent protests over unemployment and low wages https://t.co/1uD8aSdl4U ...

Core Insights - The article discusses the recent trends in the U.S. futures market for precious metals, highlighting a surprising increase in short positions despite expectations of a new interest rate cut cycle [2][7][26]. Group 1: Market Sentiment and Positioning - As of the last report, net long positions in U.S. precious metal futures, except for palladium and copper, have decreased across the board, which was unexpected given the anticipated interest rate cuts [2][7]. - The market now estimates an 85% chance of a rate cut in October, up from 79%, and a 75% chance in December, indicating expectations for three rate cuts this year [2][26]. - The article notes that the gold price has increased by 38.1% year-to-date, while fund long positions have only increased by 1.7% during the same period, suggesting limited bullish sentiment [7][8]. Group 2: Fund Position Changes - The net long position for COMEX gold fell by 1.5% to 518 tons, marking the 101st consecutive week of net long positions, but significantly lower than the historical peak of 908 tons in September 2019 [7][8]. - In silver, net long positions dropped from 6,380 tons to 5,874 tons, with a 41.5% increase in silver prices year-to-date [8][10]. - Platinum funds saw a significant drop in long positions by 17%, while palladium remains in a net short position for 139 weeks, indicating a bearish outlook for this metal [8][12]. Group 3: Economic Indicators and Predictions - The article highlights the potential for stagflation in the U.S. economy, suggesting that if inflation pressures rise again, the Federal Reserve may face challenges in its monetary policy [26][28]. - The gold-to-North American mining stock ratio has dropped significantly, indicating that mining stocks have underperformed relative to gold itself, which may signal caution for investors [18][20]. - The article emphasizes the importance of monitoring the gold-silver ratio as a market sentiment indicator, which currently stands at 86.38, reflecting a slight decline [22].

All signs point to a cut. Are you buying or selling the news 👀History doesn't repeat, but often rhymes. https://t.co/fMx0oNcK99 ...

周三（9月17日）亚市早盘，现货黄金高位震荡，刚刚短线下挫，一度跌破3680美元关口，周二，因投 资者押注美联储本周将降息，并评估未来数月进一步货币政策宽松的可能性，美元指数跌至逾10周以来 最低水平，黄金价格首次突破3700美元，随后短线跳水，最终收涨0.30%，收报3689.83美元/盎司。 【要闻速递】 美元指数的持续走弱为金价提供了额外助力。周二，美元指数下跌0.74%，最低触及96.54，创下7月1日 以来新低。与此同时，美元兑欧元跌至2021年9月以来最低水平，跌幅达0.9%。美元走软使得以美元计 价的黄金对其他货币持有者而言更加便宜，从而扩大了全球买盘需求。周二公布的美国8月零售销售环 比增长0.6%，高于预期的0.2%，显示消费者支出意愿仍顽强，但这几乎未能为美元或国债收益率带来 喘息。 独立金属交易员Tai Wong表示："金价因美元大幅贬值而飙升，但在美联储决议前，市场情绪趋于谨 慎，部分获利了结行为可能暂时抑制涨幅。" 美元疲软不仅反映了市场对美联储降息的预期，也透露出投资者对美国经济前景的担忧——尽管8月零 售数据超预期，但劳动力市场疲软和关税导致的通胀压力仍在削弱美元信用。 摘要周三 ...

now and get to Peter Tuckman who is the senior floor broker at Trademass. Thank you so much for joining us. Absolute pleasure.I'm glad to be here. All right, so we did start off with a record highs and then we sort of erased those gains and we're on the back foot as we closed out the session ahead of this very important meeting tomorrow. What happened.Just a bit of money coming off sitting on sidelines. Yeah, it was kind of drifted just in the absence of the gas on the pedal, it's just going to pull back a ...