Rates Were Hiked: Here’s What Investors Should Do Now

Dave: Interest rates are once again at the center of the housing market, but this week’s two biggest rate stories are pulling in opposite directions. The Federal Reserve just raised its benchmark rate for the first time in three years, while President Trump is calling for rates to be cut all the way to 1% or lower. Today, the whole panel is here and we’re breaking down why the Fed moved higher and what all this can mean for mortgage rates, housing demand, and your portfolio. I’m Dave Meyer here with Henry Washington, James Dainard, and Kathy Fettke to separate the headlines from what investors actually need to know. This is On the Market. Let’s get to it. Welcome to On the Market: The Gang. We’re back together everyone. I’m so happy to see you all. This is making my week. Henry, James, Kathy, how are you guys? Kathy: Oh, so good. Dave: Kathy jumped off a mountain today, so you’re doing great. Kathy: Yeah, I did. I parasailed off an Alp. I mean – James: That sounds so fun. Henry: Yeah, we define fun differently, but to each his own. Kathy: I’m not going to lie. It was really nice to have my feet back on the ground eventually. Dave: Well, it’s great to be back together. It has been a...