FED Rate Cut Coming Tomorrow! How Deep Will They Cut?

Welcome back dreammakers! In this episode of "Today in Mortgages," we talk about the highly anticipated upcoming Fed meeting to discuss cutting rates. We reference an article from Market Watch to help guide our discussion around refinancing: "The Fed is about to cut interest rates. Here's how to decide when to refinance your mortgage." Our borrowers need help figuring out when the return on their investment makes since to refi. Generally speaking, a .75% or more rate savings usually is when one should consider refinancing, but don't forget to factor in closing costs. 

Should borrowers be timing the market? Like we always say, rates go up much faster then they come down, and you don't want your borrowers to miss out on potentially hundreds of dollars in savings a month if it makes sense for them to refi now. Listen in as we discuss this and more!
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Stay tuned for our next episode, where we'll continue to keep you informed on the latest in mortgage and real estate news. If you enjoyed this episode, please leave us a review and share it with your friends and colleagues.

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

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See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.