FROM OUR MORTGAGE FRIENDS
Forecasting Federal Reserve policy changes in coming months… Wall Street expects a rate drop in December to end the year. Note: In the lower chart, a 46% probability of change is a 54% probability the rate will stay the same.
Current Fed Funds Rate: 1.75%-2.00%
| AFTER FOMC MEETING ON: | CONSENSUS |
| Oct 30 | 1.75%-2.00% |
| Dec 11 | 1.50%-1.75% |
| Jan 29 | 1.50%-1.75% |
Probability of change from current policy:
| AFTER FOMC MEETING ON: | CONSENSUS |
| Oct 30 | 46% |
| Dec 11 | 68% |
| Jan 29 | 57% |
