How long should I wait after the Feds drop interest rates to refinance my home?
Joe asked:
I highly doubt feds will drop rates again, so how long should I wait to refinance after this last drop?
Add a link here 1
0
I highly doubt feds will drop rates again, so how long should I wait to refinance after this last drop?
Add a link here 1
![](javascript:vote('votecount101','voteid101','<img src="http://refinance.hftbe.com/wp-content/plugins/vote-it-up/disabledarrow.png" />',101,0,'http://refinance.hftbe.com/wp-content/plugins/vote-it-up');)
![](javascript:sink('votecount101','voteid101','<img src="http://refinance.hftbe.com/wp-content/plugins/vote-it-up/disabledarrow.png" />',101,0,'http://refinance.hftbe.com/wp-content/plugins/vote-it-up');)
The rate that the FEDS are dropping does not affect mortgage rates unless you have an ARM. If you look at rates for mortgages they are the rise. If you are thinking of refinancing, make sure that it is cost effective for you to do so and do it now! Have fun!
The Fed does not drop mortgage rates, the market is much too complex to plan a refinancing around the Fed’s actions on the short-term overnight rate from one bank to another.
Get a real mortgage broker and get some real good advice – but, what are you really waiting for right now – rates are GOOD NOW!!