Fed Cuts Rates for First Time Since 2020; 30-Year Loan Rate at 6%, Inflation Hits 3-Year Low

Fed Cuts Rates for First Time Since 2020; 30-Year Loan Rate at 6%, Inflation Hits 3-Year Low

  • Alexander Fromm Lurie
  • September 23, 2024

The Fed dropped its benchmark rate on Sept. 18th by half a point:  As illustrated, once the Fed decides a change in direction is warranted, it can make significant changes quickly. 



The daily average 30-year rate is running a little above 6% (though it actually ticked up on Sept. 17th). 



Stock markets: 



The general inflation rate dropped in August to its lowest reading since early 2021. 

 




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Meet Alexander Fromm

Alexander Fromm Lurie | Founder | Real Estate Advisor is a highly accomplished San Francisco real estate professional and the leader of The Lurie Group, a top-performing team recognized among the top 1% of agents in the city. With over a decade of experience in the real estate industry and California DRE License #01952347, Alexander has built a reputation for delivering exceptional results, with hundreds of homes sold and over $1 billion in total sales volume. Born and raised in San Francisco, he brings deep local expertise, generational knowledge of the Bay Area, and a strong connection to the community into every client relationship. His approach goes beyond transactions—focusing on helping clients build meaningful connections to neighborhoods, schools, and local culture while navigating the buying or selling process with confidence.

Alexander’s background in management consulting and entrepreneurship further strengthens his strategic approach to real estate, allowing him to provide clients with a competitive edge in pricing, negotiation, and marketing. Known for his integrity, discretion, and client-first mindset, he continues to be a trusted advisor for buyers, sellers, and investors across San Francisco’s dynamic real estate market.

Alexander Fromm Lurie

Founder | Real Estate Advisor
LICENSE NUMBER
01952347
ADDRESS
629 Divisadero Ave, San Francisco, CA 94117

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