Assuming the federal interest rate will be cut again, how long till the mortgage rate will be affected?

When should I refinance with a VA loan.Assuming the federal interest rate will be cut again, how long till the mortgage rate will be affected?
It usually happens pretty quickly after they announce a rate cut but you can go to bankrate.com and look at daily rates for everything from mortgages to car and credit card rates.Assuming the federal interest rate will be cut again, how long till the mortgage rate will be affected?
Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every month%26lt;!--therefore it is always a good idea to keep an eye on what the rates are doing. If interest rates should rise, so will your monthly payments and again, if interest rates were to fall, so would the amount you would have to pay.





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Monthly repayments made on your mortgage and the amount that was borrowed, is determined by current mortgage interest rates. Different--%26gt;companies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.
Do not assume that mortgage rates will necessarily track down in step with fed funds rates. Other market factors also have an effect.