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%