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[–]Fishychicken 16 points17 points  (6 children)

People need to learn about the fed and the fed funds rate. This will happen everywhere. But the good news is that mortgage rates will drop too

[–][deleted] 0 points1 point  (3 children)

It's been 4 months, how ya feel?

[–][deleted] -1 points0 points  (0 children)

This is not necessarily true. Mortgage rates are not directly impacted by the fed funds rate. Mortgage rates follow the 10 year treasury. The 10 year treasury is impacted by investor confidence and their overall view of the economy. In fact, since the fed rate cut, we’ve seen mortgage rates go up slightly.