Rates Dropping, What does it mean for Real Estate
So as an Avid Watcher of THE STOCK MARKET LIVE WITH JOSH ANSWERS, keeping an eye on the 10 year is part of the daily routine, and I know from @Joshua Massieh , the 10 year influences things on the Mortgage side to some degree.. So after the WONDEROUS words of Jerome Powell today, the 10YR Yield went 📉... So are home loans about to get REAL AFFORDABLE for the average Joe & will that affect supply? Is there a "non MLO method" for a guy like me to extrapolate potential mortgage rates based on what I see on the 10YR, without Flooding LT every 5 minutes with Instagram memes of the attached chart? But seriously, for people on the money side, does this get you excited, concerned or "Eh, call me when its at 3.5" ?