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Updated about 5 years ago on . Most recent reply

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Ron Singh
  • CA
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244
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Impact on mortgage rates Federal Reserve cuts rates to zero

Ron Singh
  • CA
Posted

With federal cutting the rates to zero, what to expect on high balance mortgages (loan amount above 500k since its pretty common in bay area).

what interest rate to expect to refinance and new home mortgages ?

(consider credit score above 820)

Most Popular Reply

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Zack Karp
  • Lender
  • Schaumburg, IL
760
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820
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Zack Karp
  • Lender
  • Schaumburg, IL
Replied

NO ONE is offering 30 year fixed rates at 3.0% today.  Old news from a week ago.  The Fed cut today does not automatically lower mortgage rates, if anything it stopped the bleeding of this past week.  We will have to see how this plays out in the markets starting tomorrow.

  • Zack Karp
  • 847-387-5513
  • Loading replies...