On Wednesday, the Feds indicated they were gaining confidence that inflation was cooling, and that they might actually be behind the curve of avoiding “potential recession” now.
Thursday news provided that unemployment was up.
Then, on Friday the creation of new jobs was down significantly.
Mmm, while that all might sound bleak, this actually sets up for interest rates to possibly go down, and there could be multiple rate reductions over a short period of time.
What to do?
If you’ve been waiting for rates to go down, then it might be time to get ready (again!). But don’t wait too long, it also means there could be more buyer competition very soon.
To see what timing might work best for you, contact me anytime!
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479-879-7006