Feds cut discount rate...

[UseJeff]

That fed cut won't do much for mortgage rates... it might make a few banks more open to lending a touch more is about all.

If you have a good to high credit score, and you're getting an A paper loan..watch the 10 year note, and the 30 year note. Those are the two keys to A paper rates....at least to have an idea if they will go up or down in the very short term. A paper rates change daily, sub prime won't change very often at all...

[KristyLiz]

Originally Posted by MrsSteel

There's still a chance that the Fed may drop interest rates when they meet next month. That usually affects consumer loan rates. So if you aren't closing for another month or so, there may still be hope!

This is what I'm hoping. We can wait until after the Sept 18th meeting to lock in our rate, since our house won't be done until the end of Oct. These will be the longest few weeks of my life....

[renriq02]

you have nothing to worry about!

rates always go down at the end of the year!

it's the best time to buy a house.....it's when the market is at it's low point.