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What happens to mortgage rates when the Fed cuts interest rates, and why don’t homeowners always see the drop they expect? Quinton Harris and Dan Habib break down the recent Fed decision, explain why mortgage rates haven’t fallen the way buyers hoped, and share what the upcoming jobs report means for the future of housing and refinancing opportunities. “The countdown is on to October 3rd and 4th—don’t wait if your rate window is here.” – Quinton Harris

Special thanks to our guest/co-host Dan Habib at MBS Highway: https://www.highway.ai/

Special thanks to our show sponsor, Texana Bank! We’re proud to partner with a bank that’s not just about transactions, but about creating opportunities for professionals. From innovative programs like REMLO to nationwide lending solutions, Texana Bank is helping reshape the future of real estate and mortgage careers.
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👉 Check out REMLO out at https://mortgage.texanabank.com/remloprogram/ for more information and to sign up now!

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Time Stamps:

00:00 – Intro & Fed rate cut headline
00:02:00 – Why mortgage rates didn’t drop after the cut
00:05:50 – Market history: cuts, job data, and bond market reaction
00:10:25 – Why October 4th jobs report is critical
00:14:40 – Fed’s next moves: jobs vs. inflation (dot plot & SEP)
00:20:00 – Restrictive vs. neutral rates explained
00:25:00 – Housing demand, refis, and short opportunity windows
00:36:40 – ARMs as a smart option in today’s market
00:39:30 – Closing advice: don’t wait, lock in opportunities