mortgage simple definition: Breaking News: FED CUTS INTEREST RATES

Breaking News: FED CUTS INTEREST RATES

Breaking News: FED CUTS INTEREST RATES. 7.31 MORTGAGE RATE UPDATE- THE FED LOWERED RATES .25%! WAIT. WHAT DOES THAT EVEN MEAN?

Breaking News: FED CUTS INTEREST RATES video duration 3 Minute(s) 17 Second(s), published by Gustan Cho Associates on 01 08 2019 - 00:59:48.

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The Feds Rate Cut First Time Interest Rates Have Be Lowered In 10 Years * The Federal Reserve Board is expected today to lower its benchmark interest rate Smarthouse Lending, LLC - What Are Today's Rates? BEST MORTGAGE RATES TODAY! LOW MORTGAGE INTEREST RATES & QUICK CLOSINGS IN 10 .

Mortgage rates are hitting their lowest level in 2 years
Matt Graham, Mortgage News Daily, and CNBC's Diana Olick join the 'The Exchange' to discuss where Mortgage Rates Pricing Adjustments On Home Loans Many mortgage borrowers wonder what benefits they will get from FEDS Not Increasing Rates For First What does it mean when the Fed lowers rates? Did my mortgage rate go down? Should I refinance? Let's find out how mortgage rates reacted to the Fed .

1. The Feds Rate Cut First Time Interest Rates Have Be Lowered In 10 Years

* The Federal Reserve Board is expected today to lower its benchmark interest rate by 0.25%.

- The announcement by the Feds makes it the 5th time in the past 25 years where they changed from raising to lowering interest rates at the central bank
- In the past four instances, the Federal Reserve Board has never lowered interest rates
- During the 1995 to 1998 timeline, the Feds did make nominal cuts but not significant
- This was done to fears of a downturn in the economy
- In the 2000 to 2007 timeline, the Feds did begin cuts in fears of a recession and to stimulate the economy
- The last time The Feds Rate Cut was back in 2008
- Back in 2008, interest rates were cut to almost zero percent due to the 2008 Great Recession
- The zero percent rate was held for a period of seven years

2. What Does The Feds Rate Cut Mean For The Housing Market

Mortgage Rates normally follow interest rates. Mortgage rates are now at a 3-year low with par rates today at 3.75%. Today’s interest rate cuts have already been factored in today’s mortgage rates. The housing market has been hot for the past few years. Home prices have been increasing with no signs of any slowdown. Due to rising home prices, both the Federal Housing Finance Agency and HUD have increased conforming and FHA Loan Limit for the past three years. Conforming Loan Limits is capped at $484,350. FHA Loan Limits is now at $314,814. The Department of Veterans Affairs (The VA) recently removed caps on VA Loan Limits. Mortgage Rates are expected to fall in the coming months which makes refinancing very attractive to homeowners. There seems to be a major inventory shortage of housing nationwide. Lenders are thriving with both purchase and refinance business. Record low unemployment numbers, great economic numbers, and the lenders introducing new mortgage products to the marketplace is fueling the housing market.

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