Fed Drops Rate to .25% -0 % ????

[Anonymous]

How could this impact refinancing and mortgage rates???

[DallasLoanGuy]

not directly tied to rates.

however... we got a big reprice today. so, whatever you have been quoted should improve

[BBYGRL]

Would it be difficult to say by how much? I'm waiting to hear from my broker. I was quoted 5.25% for an FHA loan yesterday.  She did say we should wait to lock the rate since there was a chance it would go down.

[DallasLoanGuy]

BBY

The lenders didn't give us all of the imrpovements.... they are holding back.
but over the next few days our rate sheets should look better.

so, yes, hard to say by how much

[BBYGRL]

Gottcha.  Thanks!