Feds Cut Rate
- Thread starter StevieD
- Start date
There isn't a significant correlation between moves in federal funds rate and 30 year mortgage rates.
30 year rates are largely effected by supply and demand of funds available for long term loans and the anticipated inflation rate.
30 year rates are largely effected by supply and demand of funds available for long term loans and the anticipated inflation rate.
But they did something else yesterday that does. I believe it is charge banks charge banks??? I'm not saying right way. Never the less they say rates could go down to 5% for 30 year loan.
There are 5% out there now for 15 to 20 year.
There are 5% out there now for 15 to 20 year.
