Question : How long should I wait after the Feds drop interest rates to refinance my home?
I highly doubt feds will drop rates again, so how long should I wait to refinance after this last drop?
- asked by Joe
All Answers:
Answer #1
The rate that the FEDS are dropping does notaffect mortgage rates unless you have an ARM. Ifyou look at rates for mortgages they are the rise.If you are thinking of refinancing, make sure thatit is cost effective for you to do so and do itnow! Have fun!
- answered by klstuart26
Answer #2
The Fed does not drop mortgage rates, the marketis much too complex to plan a refinancing aroundthe Fed's actions on the short-term overnight ratefrom one bank to another.Get a real mortgagebroker and get some real good advice - but, whatare you really waiting for right now - rates areGOOD NOW!!
- answered by walkinandrockin
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