ilmscore | Prediction Details
"I am predicting along with Logan that it's going to start to slow down and we're already seeing wage growth slow down so when the FED has some confirmation that we're not going to be just on this train ride of you know the the economic train that's been moving so fast and so Speedy in creating inflation um once they see that slowing down then we'll get back on that rate cutting plan and and mortgage you know mortgages will likely come down too so that's my prediction is that they will come down and it if it's not this year it'll be next year and no one can predict exactly when that will be"
By BiggerPockets | June 28, 2024 | Correct
From video
What Happens to the Housing Market if Mortgage Rates Stay High? 00:06:11 - 00:06:46
Interpreted Prediction
Kathy predicts job growth will slow down, leading the Fed to resume rate cuts, with mortgage rates likely declining either in 2024 or 2025.
AI Evaluation Notes
The prediction stated that mortgage rates would likely decline in 2024 or 2025 due to the Fed resuming rate cuts as job growth slows. While job growth has shown signs of slowing, the Fed did not cut rates in 2024, but initiated cuts in 2025 [cite: i]. Mortgage rates experienced fluctuations, declining in late 2024, increasing in early 2025, and declining again in late 2025 [cite: j]. Thus, the prediction was partially correct.

Prediction Details

Topic
Macroeconomics, Mortgage Rates

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