Interest Rate Alert
The short term adjustments the fed makes does not usually correlate to a lower 30 year mortgage.
Our Las Vegas loan officer has also been a stock broker and is usually full of good information regarding the trend in mortgage rates.
Here is a portion of an article he just posted.
I still think that it is possible for rates to move lower. The reason will be the stock market. It is obvious that the Fed fears a recession and that became more than clear today. The market rallied about 160 points and then sold off. If this continues then a flight to quality strategy by investors could move more money into bonds and then rates go down.
Click here for the full article on mortgage rates.
Tags: interest+rates, fed+cut
