ilmscore | The Fed Just Ignited The Housing Market—Here’s What’s Happening

The Fed Just Ignited The Housing Market—Here’s What’s Happening

Published: 2024-08-05
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
Mortgage rates are predicted to decrease throughout the rest of 2024, especially if the Federal Reserve begins cutting interest rates in September.
"we expect the mortgage rates will continue to drift lower through the remainder of 2024 particularly if the FED does launch a series of rate Cuts in September"
Mortgage Rates
Pending
The Federal Reserve is hinting at the possibility of an interest rate cut in September.
"the Federal Reserve Bank is now hinting they're saying in the Federal Reserve Bank meetings that we could be due for an interest rate cut in September"
Federal Reserve Interest Rate Cuts
Pending
Home prices in America reached a new record high in May.
"home prices in America just broke a new record high in may"
Home Prices
Pending
Withdrawing cash from home equity through refinancing will lead to increased consumer spending, stimulating the economy.
"if you pull cash out you have more cash in your pocket and more money to spend at Macy's at Gucci at Chipotle at Sweet green which then stimulates the economy"
Consumer Spending
Pending
Credit card debt and overall household debt in America have reached all-time record highs.
"credit card debt just broke a new all-time record high household debt in America is at an all-time record high"
Credit Card Debt
Pending
Fast food chains like McDonald's, Taco Bell, Wendy's, and Burger King are revising or implementing $5 value menus.
"McDonald's and other fast food chains like Taco Bell Wendy's Burger King are implementing or revising their value menus their $5 value menus"
Fast Food Value Menus
Pending
The current unemployment rate is 4.1%.
"we have 4.1% unemployment"
Unemployment Rate
Pending