When do you think we will see the .5% rate drop hit loans?

[Ryan Dunn]

I know the market had priced in a .25% drop into loans for the last few weeks maybe a month. So when do we start to see the extra .25% hit on the loan side?

Why i ask is i am looking for a DSCR loan and hoping to see better loan rates soon.

Thanks

[Chris Seveney]

@Ryan Dunn

You are comparing apples and oranges. Fed rate has very little correlation to mortgage rates and there are many other factors more closely correlated to it. It’s like asking someone how much weight are they losing by getting better sleep. Yes it helps but there are other factors that play a lot more into it