Market Outlook 9-15-25 | Mortgage rates have been dropping significantly over the past three weeks.

Rhett Weaver from Lifetime Home Loans announces that mortgage rates have been dropping significantly over the past three weeks and anticipates a further rate cut by the Federal Reserve on Wednesday. He notes that Jerome Powell’s comments will be crucial for understanding the future of rates, unemployment, and inflation. Weaver advises first-time home buyers, those pre-approved, and those looking to refinance to act quickly, as applications for refinances are surging and the media will likely drive more interest in the market post-rate cut. He encourages viewers to get pre-approved and explore refinancing opportunities now, as the current market conditions are favorable but may become more competitive with increased buyer activity.