When the feds fall intrest rates, does that form mortgage rates travel down?
Answers:
Eventually, but not immediately. Fixed rate mortgage rates follow more closely long term bonds and treasuries surrounded by terms of rates. It takes several months for those issues to counter and then fixed mortgage rates will follow.
Yes, but it still depends on your credit situation.
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Mortgage rate contained by Pennsylvania?
What is the current rate for mortgages in PA? My wife & I want to refinance and our current rate is 6.99%. We don't want to take it out for any longer that 10 years because we individual have 9 to go right presently. Thanx for any info!...