Houston Texas Real Estate & Mortgage Blog

Fed Cut and How it Impacts Mortgage Rates

March 16th, 2020 2:51 AM by Edward Foy

Over the last 20 Years, the fed funds rate and the average 30-year fixed rate mortgage rate have differed by as much as 5.25%, and by as little as 0.50%.

“Mortgages respond to market forces and not to the Fed,” Holden Lewis, mortgage and real estate expert at NerdWallet, told MarketWatch earlier this month.
“The Fed is actually following and not leading when it comes to mortgage rates.”

The Federal Reserve's commitment of snapping up at least $500 billion of Treasury securities and at least $200 billion of mortgage-backed debt “over coming months.” Is what should impact mortgage rates.

The next few weeks/months should definitely be interesting.
With all the turbulence, mortgage rates remain at historic lows and I HIGHLY recommend that anyone thinking about purchasing or refinancing real estate, reach out for a proposal, specific to their scenario, in order to make an informed decision.
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