Will the 3/4% rate decrease affect the Fixed Rate Mortgages?

I am in the process of a refi at 5.25% should I withdraw my application and wait for the rate drop to hit, if at all?

Will the 3/4% rate decrease affect the Fixed Rate Mortgages?

Fed Rate cuts have no direct impact on Mortgage rates. Take what you can get

Will the 3/4% rate decrease affect the Fixed Rate Mortgages?

I don%26#039;t think it will drop much more than it will be doing now, The best person to discuss this with is your loan officer. You must take into account the fees for re-financing and how many years that the new mortgage is going to take to pay off.

Will the 3/4% rate decrease affect the Fixed Rate Mortgages?

fed rates are not a factor in bank mortgages.

if u can get 5.25, run right over there and sign.

lower rate will not go lower.

one bird in hand is twice as good as two in the bush