Question by Cruise Guy: How does the 3/4 point cut by the fed affect refinancing a mortgage? is is better to do so now than it was b4?
Answer by redwine
yes, rates will come down. Arm type products will be the biggest beficiary, although fixed rate mortgages will also go down. the question is are banks going to be more lax with their credit standards. that’s not guaranteed by any account. tba.
What do you think? Answer below!