Mortgage rates will 'lead the way' lower ahead of Fed rate cut, says Matt Graham

Matt Graham, chief operating officer at Mortgage News Daily, joins CNBC's 'The Exchange' to discuss the housing market outlooks, mortgage rates, and more.

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[@rapp-in1mz]

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[@nickvin7447]

And yet rates are still above 7% and no one wants one.

[@bradleyqueen3879]

He'll be disappointed when rates remain near 7 percent for a while longer. No cuts coming anytime soon.

[@Jwdude123]

agree

[@qpalfredoqp]

Mortgage rates can’t go down because prices are too high, even if they lower the rates down they will have to get them back up soon after to beat inflation the answer is not lower rates it’s price cuts or higher income.

[@Nurii07]

Thanks for the update!

[@AskieGames]

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Great news! how did you get that?

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[@BluePandaa1]

Mortgage rate follow below 7. This is a lie. It is increasing. Ya for 15 year rate it is below 7 but 30 year rate is high. lol good luck.

[@alexhein6386]

3 percent will never return

[@user-bj8nn7os1p]

Id rather build a new house rage than buying an old house

[@dariodjakovic1600]

New construction quality is garbage

[@namorcito89]

I agree. With how expensive old houses are, only to expect to replace $$$ home essentials that are 10k+. The move is towards new housing to atleast brace yourself for 10 year replacements vs 6+ month replacement in that old home, regardless of quality of new home being garbage. Old homes got overdue garbage anyways.

[@alexhein6386]

@@dariodjakovic1600it’s called modern houses

[@Dematsa]

Based!

[@allany27]

Stop deceiving people , you guys do not know anything, as oil continue to go up , inflation will continue to go up, mortgage rates will continue to go up significantly as well, just check the weekly oil chart. It came out of the correction and it will shoot up

[@chrisginoc]

Graham the legend

[@davidbelanger2681]

what are you, his agent?

[@chrisginoc]

@@davidbelanger2681 Hahaha. No I’m just part of his mbs live subscription. It’s been priceless to my business