Fed Rate Cuts Impact On Long Term Mortgage Rates
The Fed cut rates again this week by a quarter percent - that makes seven cuts since mid September. With a current rate of 2%, we’ve reached the lowest percentage since December 2004. But, what does this mean for mortgage rates? Unfortunately, I talk to too many people each day that believe Fed cuts always have a positive impact on the long term mortgage rates that we, as home owners, are interested in. If you have a minute, I would recommend reading the following article: How Does a Fed Cut Affect Home Mortgage Rates by Kristin Abouelata. It talks about the relationship between mortgage rates and Fed cuts as well as highlighting the key drivers to long term mortgage rates. It makes for a quick and informative read.
January 29th, 2009 at 11:06 pm
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