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JAIME
I think that they might go down a little, but right know the rates all pretty good.
ELLIOT
Fed’s rate has no direct impact on mortgage rates. Only on short term loans like Equity lines, Car loans, Credit card rates, and Personal loans form banks
BRIAN
The fed rate is bank to bank only. Has nothing to do with mortgage rates. There is a trickle down effect but nothing dramatic. Time to refi is now. Rates are lower than they have been in 2 years.
JUSTIN
Mortgage loan rates are not attached to the Fed discount rate. You may see no reduction in mortgage loan rates.