If the feds cut rates again on Wed., how low do you think 30-year fixed rates will go?
I know a 30-year fixed mortgage isn’t tied directly to the rates the feds will probably cut, but it should have some indirect impact. I’m currently at a 6% fixed rate and refinancing in the next 30 days. Todays rates for my particular loan are 5.875%, up from 5.75% yesterday. I haven’t locked anything in because I think they’re going to drop again. When would you pull the trigger and lock it in?