Forum Archive

I want to lock in a home equity line of credit and my mortgage brokers says I should wait because feds will cut rates again before end of year and by Jan we should be back in the high 6s. But yesterday someone (I think The What) said that feds cutting short term lending rates won’t effect mortgage rates. As far as I understand (which isn’t very far) this contradicts everything I’ve read and the feds intentions in cutting the rates. Does anyone have any understanding of what the relationship is likely to be btw fed short term rate cuts and mortgage rates?