Fed dropping rates on Wednesday

DDA Mortgage • October 28, 2019

Fed dropping rates on Wednesday, what does that mean for the 30 year fixed?

How are the rate changes going to effect you? Is it a good time to refinance? Answers to your questions.
  • Transcript

    hey Didier Didier more let's talk about

    00:03

    the feds the feds are gonna cut the rate

    00:05

    Wednesday we know it's happened what

    00:08

    does that mean for long-term rates are

    00:09

    they gonna go down are they gonna go up

    00:11

    well I'm here to tell you that don't

    00:14

    wait for the feds to cut their rates

    00:16

    thinking the rates are gonna go down

    00:18

    there's a great opportunity that they're

    00:20

    gonna creep up there's a lot of other

    00:22

    reports coming out this week that will

    00:25

    dictate which way the rates are going

    00:27

    but don't hold doc I always recommend a

    00:30

    lock in your rate immediately when you

    00:32

    have a loan I'm taking one today I'm

    00:34

    telling to lock it in because you'll see

    00:36

    that the rates will usually creep higher

    00:39

    not lower this is a tip that everyone

    00:41

    needs to know I'm Didier Debbie a

    00:43

    mortgage thank you and have a great week

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