My question is how does a rate cut by the Federal Reserve impact mortgage rates? Is it a one for one? For example, the fed cuts by 50 points and the average 30 year mortgage rate prior to the cut is 4.0%. Does the mortgage rate drop to 3.5%?
Submitted June 28, 2019 at 10:13PM by hershculez https://ift.tt/2KOy7L1
