If Fed Cut Rates, Why Did Mortgage Rates Go up?
When the Federal Reserve cuts interest rates it’s widely perceived that mortgage interest rates are what is being affected – but it’s not the case.
I wanted to offer a timeline of what has gone on during this Coronavirus crisis and how it has influenced mortgage interest rates. Hopefully this can help you in determining when and why to pull the trigger for purchasing or refinancing a home.
For any mortgage related questions or inquiries, please reach out to me 7 days a week from 8am-9pm (EST):
The Matt Weaver Team at CrossCountry Mortgage
6800 Broken Sound Parkway Suite 201
Boca Raton, FL 33487