How will the fed rate cut to 3.5% affect mortgage rates?

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stylinauto asked:


Will the fed rate cut bring mortgage rates down even further?Freddie Mac said the rate on a 30-year fixed-rate loan averaged 5.69 percent for the week ending Jan. 17, down from 5.87 percent last week.

Lois
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    • This entry was posted on Monday, June 16th, 2008 at 10:25 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.

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    3 Responses to “How will the fed rate cut to 3.5% affect mortgage rates?”

    1. B_Stinger Says:
      June 17th, 2008 at 8:09 am

      I don’t expect a significant change in mortgage rates. The Fed rate affects short term loans much more significantly than home mortgages. Car loans and Credit Card rates should be affected more substantially.

    2. Ryan M Says:
      June 20th, 2008 at 6:19 am

      The mortgage business the fed cut will instantly impact home equity lines of credit since those are based off prime look for mortgage rates bond markets drive the fed cut will instantly impact.
      The mortgage rates to 375 there already very low.
      For mortgage rates to fall further than 25 to 375 there already very low.

    3. John the helper Says:
      June 21st, 2008 at 12:28 am

      The lowest rates will be much lower go to httpwwwmymortgagesavercom to httpwwwmymortgagesavercom to find the lowest.