As you may have heard, the Fed just issued its first rate cut since 2020, reducing the Federal Funds rate by 0.5%. In a previous article , we discussed how this might affect mortgage rates. Initially, most analysts expected a 0.25% cut, which most believe was already factored into current mortgage rates. However, with the additional 0.25%, we could see mortgage rates continue to drop. Currently, mortgage rates are at their lowest since February 2023, and with more rate cuts anticipated—possibly as soon as November—they may fall further. With all the talk about refinancing, now is a great time... read more
- Categories:
- Military Programs