August Mortgage Rate Update & Should You Buy/Refi Now?
Mortgage rates are falling, but the Fed hasn’t made any rate cuts yet. What’s the deal? We’re explaining it all in this August mortgage rate update with repeat guest and lender-friend of the show, Caeli Ridge. Caeli fills us in on today’s mortgage interest rates, why rates are moving without any federal funds rate cuts happening, what could cause rates to go even lower, and whether paying points on your mortgage makes sense in the current market.
Good news for investors: interest rates are getting into the high sixes for some rental property loans, but lower rates aren’t always a good thing…
The skinny
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