rmcgeelsu asked:


I’m looking to buy by Dec, are mortage rates going down if the Fed cuts them today?

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2 Responses to “How will another rate cut by the Fed affect mortgage rates for the near term?”

1. bud68 on August 26th, 2008 8:24 am

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   No - fed discount rates have little effect on mortgage rates.

2. robe on August 28th, 2008 3:17 pm

   Create a video blog…instantly.

   If they cut, some of that should be passed through. I don’t believe that rates are going to stay low for long though because credit will remain tight in the market.

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