Article Score0

The Fed is willing to lower the prime lending rate by 25 basis points today and maybe the discount rate as well. I’m curious if anyone knows how it affects the interest rates 30 conventional mortgages. Thank you,

1 Thought on That will help a decrease of 25 basis points in the prime rate on a 30 year mortgage?
  1. Reply
    derobake
    June 23, 2013 at 7:01 am

    Well, in simple terms, newly offered 30-year fixed rate mortgages should be at lower interest rates than what they were before the (supposed) rate drop. When interest rates fall, money is easier to borrow all around, so all loans see a fall in interest rates.

    Leave a reply

    Register New Account
    Reset Password