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"
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 that slowing job and wage growth will lead the Fed to resume rate cuts, causing mortgage rates to come down either by the end of 2024 or 2025.
AI Evaluation Notes
The prediction stated that mortgage rates would come down by the end of 2024 or 2025 due to the Fed resuming rate cuts. The Fed began cutting rates in 2025, and mortgage rates decreased. Although the timing was correct, the extent of the decrease might not have been exactly as predicted, thus a partially correct rating.

Prediction Details

Topic
Mortgage Rates, US Economy

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