How Did The Fed Rate Cut Affect Mortgage Rates
Updated: Apr 17
Below is an email that I sent to my database on Monday. Please check out the video below and the information below as it pertains to our incredibly turbulent time.
Key Things to Remember:
The Fed rate impact short term financing like credit cards and lines of credit. They do not have an impact on mortgages. The market spiked on Friday due to the anticipation although we knew that this would happen.
Please be assured that we closely monitor mortgages and hire professionals to advise us on this stuff. The media may mislead in articles as we know that’s what media tends to do however also please know that we’ve been all over these financial changes.
Again, I cannot stress enough the importance to get everything ready for when mortgage rates do move so we’re prepared to lock. Change is happening quickly these days.
Feel free to call, text or email me with any questions and/or concerns.
Be safe, be well!