Effect of an interest rate cut on mortgage rates?

Posted by admin
NickG asked:


The Fed has announced they may cut interest rates in the middle of March. I am currently working on getting a mortgage for a property I will close in mid-April. Should I wait to lock the rate until after the Fed announces the cut?

James
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

  • Current Mortgage Rates: What Effect Does the Federal Reserve Really Have?
  • What You Need To Know About Adjustable Rate Mortgages (Arm) – Loan Modification Help Center
  • Lowest mortgage rates UK - lowering the cost of mortgage
  • What is the difference between a mortgage APR and Interest Rate?
  • All About Denver Adjustable Rate Mortgages
  • Who Wants Low Mortgage Rates?
  • Mortgage Rate History, Fixed and Variable Rates Compared

    • This entry was posted on Wednesday, August 6th, 2008 at 12:28 pm and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

    « Making The Most Of Current Mortgage Rates
    The Need for Lowest Mortgage Rates »

    3 Responses to “Effect of an interest rate cut on mortgage rates?”

    1. L.G. Says:
      August 8th, 2008 at 5:32 am

      For down float lock rate that way if the rates go down so will your lockedin interest rate got this.

    2. seafood10 Says:
      August 8th, 2008 at 7:46 pm

      The 15 yrs and get arm rate hope are cuz by arm rate hope are not stupid and 30 yrs and 30 yrs and 30 yrs fixed only.
      The 15 yrs and get arm rates has no effect.

    3. Tony D Says:
      August 11th, 2008 at 10:36 am

      With the threat of inflation scaring the bond traders these days, another rate cut by the Fed would likely cause mortgage rates to rise. Don’t get greedy. Cut your best deal now.