How long will it take the / 4% interest rate of 3 per latest cuts affect mortgage rates and loan companies?
With the Fed decision to cut interest rates, I understand that banks follow suit and lower interest rates. How fast is needed for these changes to go into place? At what point should people start to research to refinance their mortgages and other loans in which they actually reflect the new rates?
Unless you have a fixed rate mortgage, mortgage interest rates today are very important in deciding how much you should pay every month
