Reported 26 days ago
With the Federal Reserve expected to cut interest rates, mortgage rates may not follow suit immediately. Expert Jennifer Beeston discusses how a 25-basis-point cut might not affect current mortgage rates, while a surprise 50-basis-point reduction could lead to a decrease. Despite a year-long decline in mortgage rates, homeowners need to evaluate their refinancing options considering personal circumstances and the upcoming election's influence on housing policies.
Source: YAHOO