2025 Real Estate Wrap-Up: What Actually Mattered (and What to Do Next)
Big picture: the Fed cut rates three times this fall. Good news, right? Sort of. Investor loan pricing (like DSCR) doesn’t just follow the Fed. It follows the 10-year Treasury and mortgage-bond spreads. Those moved around all year—sometimes before the Fed meetings—so rate sheets didn’t always drop on cue. 1) Fed cut ≠ instant DSCR … 2025 Real Estate Wrap-Up: What Actually Mattered (and What to Do Next)