A Rate Drop that Hopefully Feels like Christmas...

T’was 2 weeks before the Federal Reserve Meeting, and at every open house,

Not a buyer was talking about locking, not even to their spouse.

The stock market clung onto what the Federal Reserve has said with care,

In hopes that a half point rate drop would soon be there.

Homebuyers were all nestled in their new home’s brand-new bed,

While visions of a refinance danced in their head.

Lenders waiving their white ‘kerchief, I with my lender’s cap,

Had just settled our brains in for a long winter’s nap.

When out of Jackson Hole, Wyoming there arose such a clatter,

Loan Officers sprang from their home office to see what was Jerome Powell’s chatter.

He said, “The time has come for policy to adjust”.

We all agree and think that the rate drop is a must.

On September 18th, we all hope to hear him exclaim, ere he drove out of sight—

“Happy Refi and Purchase Business to all, and to all a good night!”