07/31/2019
Fed cuts interest rates for the first time since 2008
As expected, the US Federal Reserve today announced that it would cut key short-term interest rates by a quarter of a percentage point. This lowers the target range of the federal funds rate to 2.00%–2.25%.
Although this will not directly impact mortgage rates, it is more likely that rates will remain low into the foreseeable future.
Call now for a refinance check if you currently have a rate above 4.25%.