The Fed has "paused" rates but don't expect a rate "cut" anytime soon...

[Andrew Hogan]

After 10 interest rate hikes in a row from the Federal Reserve, we have now had the first pause. 

If you expect them to quickly revert back to all-time lows right away, think again. 

There likely won't be any rate cuts anytime soon (likely until late 23/ early 24). 

What does this mean? There is still a lot of pain to be felt by property owners who have been letting skinny deals past their DD standards. Bad for them, good for those who can capitalize on the opportunity. 

It also means that the music will soon stop for all-time high short term money market yields and investors will have to search elsewhere.