Colli Real Estate

How will tomorrow’s suspected rate cut affect mortgage rates?

I’m on the verge of getting a mortgage and was curious how the rate cut would affect mortgage rates. Is it a direct relationship, like if my rate is 6% today and tomorrow they cut a half point, will tomorrow mortgage rate be 5.5%?

The Fed rate is a short term bank loan rate. This does not directly affect Mortgage rates, but inflation does affect mortgage rates.

Friday 8AM 01/15/10 Today’s Current Mortgage Rates Update

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