The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Why Refinancing Today Trumps Waiting for Lower Rates Tomorrow

Do future Fed cuts mean lower mortgage rates?

By Scott Sheldon / January 11, 2024

When the Federal Reserve Bank increases or cuts the Fed funds rate, many people believe that it automatically makes mortgage rates go up or down. However, it’s not that simple. The relationship between the Fed’s actions on monetary policy and mortgage rates is a little more complex than that. When the Fed is increasing interest…

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