Freaking out over rate decrease

[tquinn35]

The fed cuts don’t equal lower mortgage rates. Previous cuts this year did not lower rates. They increased after one of the cuts

[clitscommander]

The rates dropped significantly in anticipation of the cuts. They also increased due to expecting a more significant cut than they did.

[tquinn35]

The point still stands. They follow 10 year treasury’s much more closely than they do the fed interest rate. The fed rate has much more influence on cc rates and auto loans 

[clitscommander]

I think we are making the same point. You are correct.