Are you seeing and hearing about the recent Fed rate cut? Does this mean mortgage rates are going to lower? NO! The market has already been pricing this stuff in. You may be asking, what does this means if the Fed rate cuts are not mortgage rates? It means, your online savings account, credit cards, auto loans, home equity lines of credit (HELOC), these are the accounts that are affected by the Fed Rate. Those are the overnight components of Fed Rates. As for mortgage rates, they are different (and are still in a good space). If you have questions and are thinking of refinancing even purchasing, give us a call. We would love to talk and help you through any decisions you may be trying to work through.