When will we see the fixed loan mortgage rates come down as a result of the fed’s rate cut?

June 14, 2009

Pat asked:

trying to figure out whens the best time to refinace or get a fixed home equity loan.

STAN

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Comments (4)

REUBEN

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

Comment by Debbie V — June 16, 2009 @ 5:13 am
LAMONT

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

Comment by oskarmyloanguy.com — June 19, 2009 @ 5:53 am
CHAD

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.

Comment by Beverly S — June 20, 2009 @ 3:34 am
AURELIO

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

Comment by godged — June 21, 2009 @ 7:23 am

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