🏡 Will the federal reserve cut rates in September?

🗞️ Mortgage news, tools and tips, and announcements! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ [Better] [Better]( This week's mortgage rates [Rate chart] [Rate chart]( Source: US average mortgage rates from [FreddieMac]( --------------------------------------------------------------- Better Mortgage Interested in today's rates? [See Better Mortgage rates]( --------------------------------------------------------------- In the news 🏡 Updates from the July 2024 FOMC Meeting The Federal Reserve met from July 30 to July 31. While Fed officials didn't make any explicit commitment to lower interest rates, investors zeroed in on Chair Jerome Powell's comments at an afternoon news conference that "a reduction in the policy rate could be on the table as soon as the next meeting in September." [Read more]( Tools and tips 💡 10-year vs 30-year mortgage terms Kelly Miskunas, Senior Director of Capital Markets at Better.com, shared expert insights on the advantages and disadvantages of 10-year mortgages amid the backdrop of rising home prices in 2024. “While shorter terms can mean higher monthly payments, they also offer lower interest rates, benefiting those with higher incomes aiming to pay off their homes quickly. However, those needing more financial flexibility or anticipating significant changes in their financial situation may find longer-term mortgages more suitable." [Learn more]( Announcements 📣 Chrisman Commentary Episode: Existing Homes; Better's Chad Smith on LO Comp; Advanced Indicators Tune into the latest episode on the leading industry mortgage podcast, Chrisman Commentary, where Chad Smith, Better's recently appointed President & COO, talks about the loan officer compensation model, how technology is enabling LOs to originate more loans, and consumer trends in the mortgage industry. [Listen here]( Press play Follow us on social to stay up to date with the latest mortgage tech, tips, and tools: Watch on [TikTok]( • [Instagram]( • [YouTube]( • [Facebook]( --------------------------------------------------------------- Better Mortgage Questions? 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