The Federal Reserve is expected to continue rate cuts at its meeting this week. A majority of analysts expect a 25-basis-point cut when they announce their decision Thursday afternoon.

Remember, the Fed does not directly dictate mortgage interest rates. The last Fed meeting saw a 50-basis point rate cut, and mortgage rates have RISEN about a full percent since then. So, do not expect a Fed rate cut this week to lower mortgage interest rates.

As I have written many times before, and you may be tired of me saying this, you date the rate and marry the price! The fourth quarter can be a great time to buy a home because there is typically less competition. Please contact me if you want to look at the numbers.