Will The Fed Rate Cut Affect Your Mortgage Rate?
Last week’s rate cut and your Sedona home mortgage
Last week, a Fed rate cut of 25 basis points was made in the hopes that it would help stimulate the housing market. However, even though the cut may have a small effect on Sedona mortgage rates, chances are that it won’t help them go down.
Sedona mortgage rates, like those around the country, are more likely to be affected by the 10 year Treasury note rate. And those rates are affected by inflation, which could be increased by this most recent Fed rate cut. So many are waiting to see whether the Fed rate will result in mortgage rates that are higher, instead of lower.
For more on Sedona mortgage rates, contact Claudia Ault.
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