Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Mortgage rates are unlikely to plunge after this week's Federal Reserve meeting, but borrowers could see a slow, uneven drift lower rather than an immediate break, economists and housing forecasters say. Fed Rate Cut Largely Priced Into Markets The Fed is widely expected to deliver a quarter-point cut at its Dec. 9-10 meeting, with futures markets putting the odds near 90% according to Reuters, which woul ...

All right, we are back now with President Trump's controversial new idea to help with housing affordability, a 50-year mortgage. It comes on the heels of a report from the National Association of Realtors saying the age of the typical new home buyer is now at an all-time high of 40 years old. Brian Chung is here now.And Brian, walk our viewers through how a 50-year mortgage would work. Yeah, Tom, mortgage brokers are telling me this might help a few buyers here and there. There is no question, however, that ...

All right, real estate in focus today. A lot of things are, of course, with that Fed rate cut that we're expecting in just a few hours. The rate on a 30-year mortgage did hit a three-year low this ahead of the Fed meeting.Walker and Dunlop chairman and CEO Willie Walker joins us now. We'll talk. Well, let's start on rates.Good to see you, by the way. >> Nice to see you, David. >> Sarah, what is it going to mean for this 25 basis point cut, particularly for the mortgage market, given the longer end may not b ...

The average price for the existing single family home hitting a record high. New quarterly report from the National Association of Realators putting the national median at nearly $430,000. Now that's up 1.7% year-over-year.Joining us right now to talk about it is Lawrence Yun, National Association of Realtors, chief economist. Good morning to you. tell us what's going on around the country and then we can get into maybe some different individual markets because $430,000 is a lot in some markets but it's not ...

I want to talk about the Fed and cuts. I just did a snap poll on X and we have most people think to cuts. That seems a majority.Second, most would be one and then 13% said zero. I'm in the 13% camp. I just don't see the need for it.What's the problem here. Why cut rates. Why change something if it seems to be going so well right now.So. So I throw out one thing. So you think about the Fed raised interest rates 500 basis points.What was the impact on the economy. Not really debilitating. And I think one thin ...

Federal Reserve Policy & Interest Rates - The market is debating whether the Federal Reserve should cut interest rates by 25 basis points [5][6] - The current Fed funds rate is floating around 425 to 450 basis points, approximately 43% [2] - Some believe the Fed is too focused on past data and risks being late in responding to economic changes [4][6][10] - Cutting rates by 75 basis points occurred last year [5] Inflation & Economic Factors - Housing costs, a significant component of CPI and PPI, are impacted by the Fed's balance sheet reduction of $35 billion [3] - Tariffs' full effect on inflation is still uncertain [2][6] - The speaker believes inflation is moderating and not out of control [5][6] - The Personal Consumption Expenditures (PCE) at 31% is not a major concern [9] Bond Market & Treasury Yields - The 2-year Treasury note yield is around 4% [2] - The 10-year and 2-year Treasury yields are at the same level as in autumn 2022 [13] - The bond market and the Federal Reserve may not be aligned in their expectations [12]