Although the Fed doesn't directly control mortgage rates, many economic indicators helped to push mortgage rates down before Fed made their .25% cut this past week.  As they did before, mortgage rates actually ticked up a little after the Fed lowered their rates, but with rates staying "lower for longer", as we've been waiting for, my clients are consistently seeing rates in the low 6s, and even dipping into the high 5s in recent days.   

My conversations often revolve around timing.  Sellers ask if they should wait until the new year to list when rates may have dipped further, while buyers toy with trying to time the rate movements and catch some magical 30 year rate they think they'll keep for the full 30 years.  Most buyers, however, will refinance…

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