When we see the fixed rate mortgages fall in response to cutting interest rates by the Fed.?

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trying to understand the refinace whens best time to get a loan or permanent home equity.

4 Comments
  1. Reply
    Debbie V
    April 30, 2011 at 1:37 am

    I think that they might go down a little, but right know the rates all pretty good.

  2. Reply
    oskarmyloanguy.com
    April 30, 2011 at 1:43 am

    Fed’s rate has no direct impact on mortgage rates. Only on short term loans like Equity lines, Car loans, Credit card rates, and Personal loans form banks

  3. Reply
    Beverly S
    April 30, 2011 at 1:48 am

    The fed rate is bank to bank only. Has nothing to do with mortgage rates. There is a trickle down effect but nothing dramatic. Time to refi is now. Rates are lower than they have been in 2 years.

  4. Reply
    godged
    April 30, 2011 at 2:03 am

    Mortgage loan rates are not attached to the Fed discount rate. You may see no reduction in mortgage loan rates.

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