Oct 30 • TCC Huddle
Funding Tip Of The Week - Fed Reserve Rate Cut
The Federal Reserve announced they are cutting their benchmark rate 25 basis points at their monthly policy meeting yesterday. In reaction to this policy change, mortgage rates responded by jumping UP 25 basis points.
Based on recent history, the best time to lock an interest rate has been the few days BEFORE an anticipated Fed cut as these windows have provided borrowers the best pricing relative to the overall market.
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Funding Tip Of The Week - Fed Reserve Rate Cut
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