Refinance Mortgage Interest Rate
How long will it take for the last 3 / 4% interest rate cut affect mortgage and loan companies rates?
With the Fed's decision to lower 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 people should begin to explore refinancing their Mortgages and other loans, which will actually reflect the new rates?
Unless you have a fixed-rate mortgages, is the current mortgage rate is very important to decide how much you pay each month