How long will it take the latest 3/4% interest rate cut to affect the mortgage and loan companies rates?
March 25th, 2009 | by James |
Cobabeology
With the Fed’s decision to cut interest rates, I understand that banks will follow suit and lower interest rates. How fast will it take for these changes to go into place? At what point should people begin to investigate refinancing their mortgages and other loans where it will actually reflect the new rates?
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With the Fed’s decision to cut interest rates, I understand that banks will follow suit and lower interest rates. How fast will it take for these changes to go into place? At what point should people begin to investigate refinancing their mortgages and other loans where it will actually reflect the new rates?
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3 Responses to “How long will it take the latest 3/4% interest rate cut to affect the mortgage and loan companies rates?”
By I. B. Zoxx on Mar 27, 2009 | Reply
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I just read an article on precisely this subject on Yahoo news. Here is a link to the article:
By Mortgage Loan on Mar 28, 2009 | Reply
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Lenders and Banks are offering lower rates.
Lenders may be willing to refinance to a fixed rate mortgage even if you are one or two payments behind on a recently adjusted ARM
By Marisol A on Mar 31, 2009 | Reply
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Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every monthcompanies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.