TODAY

“There are only two days in the year that nothing can be done: yesterday and the other is called tomorrow, so today is the right day to love, believe, do, and mostly live."

— Dalai Lama

Yields on money markets are likely to drop over the next 12 months as rates come down.....where will this cash find a new home?  

The 30-year fixed-rate mortgage declined to 6.78% on July 25, down from the 7.22% high on May 2, according to Freddie Mac data. The first expected rate cut is almost entirely priced into the financial markets already, especially bond markets.

If borrowing costs for home loans come down, there’s a chance that more buyers who've been sitting on the sidelines waiting for rates to drop will jump into the real estate market. If demand outpaces supply, home prices may see another rise. (CNBC)