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The Collective Mindset Podcast
The Collective Mindset Podcast is a documentation of our intentions, our purpose, and the achievement of our goals and dreams. We believe in focusing on 4 key pillars in our life, they are: Faith, Family, Finances and Fitness. We hope you will enjoy this journey along with us. My name is Jordan Hodges and Gavin Guthrie is my Co-Host. We own a Mortgage Brokerage in Mesa, AZ called The Mortgage Collective. We are building a Mortgage company with $100 Million in funded loans in the next 24 months, and plan to document exactly how we got there. We aim to create a business, a life, a story so compelling, it must be told.
The Collective Mindset Podcast
Lower Interest Rates Ahead?
It appears that 5.0% is the lid on the 10 year treasury and with this past October CPI Report coming in cooler than expected, the FED Pause and Hold is all but official. The FED stated they wanted to go “Higher for Longer” with Fed Funds Rate. Since we have not seen a hike since July, this will be a solid 6 months with a PAUSE at Higher for Longer. How long can they hold rates at this level? We don’t know, but this holding pattern should allow investors to relax and take out some of the buffer in higher mortgage rates.
We project Rates will begin to come down and anticipate seeing rates back in the 6’s in early 2024 and hopefully into the 5’s by Q2/Q3 of 2024.
Check out as Jordan and Gavin dive into some of the data points and reasoning behind all of this.