Are 3% Mortgages Coming Back?

"we think 3% maybe even lower than that but will we actually see 3% mortgage rates in 2025 or 2026"

"based off of what we know today it doesn't look like we're going to see a big reduction in the federal funds rate in 2025"

"the Federal Reserve Bank says yeah we don't think we're going to be very aggressive with interest rate Cuts in 2025"

"so now what can Trump do to actually bring mortgage rates down from around 7% down to 3%"

"Trump does not have the ability to fire the chair president of the Federal Reserve Bank but if there is quote cause he could potentially fire the chairperson of the Federal Bank who was Jerome Powell and replace it with somebody who might be a little bit more favorable to cutting interest rates"

"Jerome Powell's term is set to end in 2026"

"Trump then waits for Gerome Powell to finish his term in 2026 and then he goes out and tries to replace him with somebody else who might be more favorable to cutting interest rates"

"if we can see more economic growth well that could provide some ease to help treasury yields fall"

"if mortgage rates were to fall you could potentially see more people saying hm now it makes sense for me to sell my house"

"president-elect Trump is entering the White House in January and he wants to make some sweeping changes to our government and economic policy"