Federal Reserve Board Interest Cuts And How It Benefits Home Buyers

Gustan Cho Associates are mortgage brokers licensed in 48 states

This ARTICLE On The Federal Reserve Board Interest Cuts And How It Benefits Home Buyers Was PUBLISHED On September 18th, 2019

Federal Reserve Board Interest Cuts announcement should be expected this week.

  • Federal Reserve Board Chairman Jerome Powell is expected to announce a 0.25% interest rate cut sometime this week
  • Many home buyers, sellers, real estate and mortgage professionals are wondering what this means for them and how it will benefit them
  • Most industry experts do not expect any sudden changes in mortgage rates because the markets already absorbed this news weeks ago
  • There is much speculation about the Federal Reserve Board Interest Cuts
  • Will the Feds continue to cut interest rates?
  • Will mortgage rates slide lower than what it is today?

In this article, we will cover and discuss the Federal Reserve Board Interest Cuts this week and what that means to consumers, especially mortgage rates.

What Impact Will The Federal Reserve Board Interest Cuts Have On The EconomyFederal Reserve Board Interest Cuts

In general, the cost of borrowing money is less whenever the Federal Reserve Board lowers interest rates. It benefits consumers in general when taking out an auto loan, applying for new credit, or taking out a new mortgage.

Alex Carlucci is an associate contributing editor and senior vice president at Gustan Cho Associates and a financial expert.

How Interest Cuts Affect Mortgage Rates

How Interest Cuts Affect Mortgage Rates

Current mortgage rates are at a three year low (3.75%).

Any homeowners with mortgage rates north of 5.0% will benefit from the low rates where they can get a net tangible benefit by refinancing their current home loans.

For more information about the contents of this article and/or other mortgage-related topics, please contact us at Gustan Cho Associates at 800-900-8569 or text us for a faster response. Or email us at gcho@gustancho.com.

The author(s) contributing content to this site, accept no liability or responsibility for errors, omissions or changes in market conditions that may impact the readers' conclusions drawn or assumptions related to the content of this site. The copywritten© information contained on this site is provided on an "as is" basis, at the time of publication, without guarantees of timeliness, thoroughness, accuracy, or usefulness to the consumer. The content on this site does not constitute financial or professional advice of any kind, and readers are encouraged to consult their own professional advisors for professional advice.

Similar Posts