According to Norada Real Estate’s latest update, Bank of America Global Research has revised its outlook and now expects the Federal Reserve to enact two rate cuts of 25 basis points—one in September and another in December—potentially bringing the federal funds rate down into the 3.75%–4.00% range.

This shift reflects growing concerns over a softening labor market, signaling a possible change in the Fed’s focus from inflation control toward stabilizing employment.

For anyone in the market to buy, refinance, or plan their next real estate move: easing rates could translate into lower borrowing costs and improved affordability.

Have questions about how these changes might affect your mortgage options? I’d love to help!

Robert Foreman
Loan Officer | AZ Mortgage Group
📞 (480) 415-0783
✉️ rforeman@azmortgagegroup.com