Fed says Rates higher for longer.

[Nick Bednarczyk]

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances. According to Business Insider, interest rates are expected to stay higher for longer with no cuts in sight until 2024-2025. Don't risk it! I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines. Stay informed and cautious! Check out the full article here: [Link to Business Insider article](https://www.businessinsider.com/

[Chris Seveney]

@Nick Bednarczyk

I think people also need to understand that fed rates are not directly correlated to mortgage rates

Mortgage rates are more in line with the 10 year treasury which could remain high if we continue to spend money like a drunken sailor