Assuming the federal interest rate will be cut again, how long till the mortgage rate will be affected?

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When should I refinance with a VA loan.

3 Comments
  1. Reply
    jewels_2472
    April 30, 2011 at 12:25 am

    It usually happens pretty quickly after they announce a rate cut but you can go to bankrate.com and look at daily rates for everything from mortgages to car and credit card rates.

  2. Reply
    Raegan
    April 30, 2011 at 1:17 am

    Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every monthcompanies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.

  3. Reply
    newjerseyguy
    April 30, 2011 at 2:03 am

    Do not assume that mortgage rates will necessarily track down in step with fed funds rates. Other market factors also have an effect.

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