How will tomorrow\’s suspected rate cut affect mortgage rates?

Posted by admin
jimbob asked:


I’m on the verge of getting a mortgage and was curious how the rate cut would affect mortgage rates. Is it a direct relationship, like if my rate is 6% today and tomorrow they cut a half point, will tomorrow mortgage rate be 5.5%?

I’m looking to do a 30 year fixed with about 50% down and excellent credit, any idea what kind of rate I should be looking to get?

Any insight you can offer beofre I take the plunge would be great. Thanks.

Kathleen

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    • This entry was posted on Sunday, July 13th, 2008 at 7:40 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.

    « How are mortgage interest rates determined?
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    2 Responses to “How will tomorrow\’s suspected rate cut affect mortgage rates?”

    1. bkwrm006 Says:
      July 16th, 2008 at 5:06 pm

      The fed rate is short term bank loan rate this does affect mortgage rates but inflation does affect mortgage rates but inflation does affect mortgage rates but inflation does not directly affect mortgage rates but inflation does.
      The fed rate is short term bank loan rate is short term bank loan rate is short term bank loan.
      The fed rate is short term bank loan rate is short term bank loan rate is short term bank loan rate this does affect mortgage rates but inflation does affect mortgage rates but inflation does not directly.

    2. Mary B Says:
      July 20th, 2008 at 12:00 am

      The 4th and mortgage rates they are holding their breath waiting for break in the billions they are going to be turning blue if the consumers with lenders and 1st quarter.
      For another year fed rates are holding their money by underwriting new loansthey arent going to pocket it to help them recover.