Here’s what the Fed’s surprise interest rate cut means for mortgage rates

KASA Real Estate Team Mortgage Rates Leave a Comment

The Federal Reserve just cut its benchmark interest rate — but don’t expect lower mortgage rates as a result of the cut because mortgage rates were already falling prior to any action taken by the Fed.

And there are some analysts who expect rates to fall even lower possibly as low as 3% for a 30 year fixed mortgage.

Read the full article here: Mortgage rates have dropped…

 

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KASA Real Estate Team