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Clients looking to refinance?
The Federal Reserve recently announced a reduction of the federal funds rate, which has had a positive impact on elevated mortgage rates. With mortgage rates finally trending downward, it’s a great time for your clients to consider refinancing to a lower mortgage rate and monthly payment.
Get in touch with a loan officer today to find out more.
Market Snippet
This week the Federal Reserve completed its eight and final meeting for 2024. Concluding the meeting, the Fed again reduced the Fed Funds rate by 25 basis points, in line with market expectations, for its third consecutive rate cut totaling 100 cumulative basis points. The written policy statement following the rate change was virtually unchanged from the prior meeting, however it is important to note that Cleveland Fed President Hammack voted in favor of leaving rates unchanged, marking the first non-unanimous vote in some time.
Find out more on the Updates page
The content of this publication is provided for informational purposes only and is not intended to recommend any financial decision or course of action. Any financial and investment decision should be made in consultation with your financial advisors and representatives and should be evaluated at your own risk.
About Leader Bank
Founded in 2002, Leader Bank is a national entrepreneurial financial institution that approaches banking differently. The core tenets of Leader Bank include client service, exemplary products, and innovation to meet the needs of its clients.
I recently worked with Leader Bank for the mortgage of my recently purchased condo. I was first time home buyer and Leader Bank made my loan process so easy and simple. Many thanks to the whole team to make this work. Will definitely recommend leader bank for banking needs!
