The rising 10-year treasury rate has been grabbing all the headlines lately.Vance said it and cap rates are not moving at a 1-to-1 relationship.“We see the Federal Reserve making its first interest rate cuts in the first half of 2024,” Vance said. “What the Fed is doing is working, core inflation has been cut to around 1.5%.“When this happens, interest rates and cap rates will come down swiftly (but won’t sink to pre-pandemic levels) and you should be ramping up right now to take advantage of that opportunity.”
Source: Financing Harder Than Ever to Get, Expert Says | GlobeSt
