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The Feds Cut Rates – What will this do to mortgage rates?

By September 19, 2024Mortgage

Exciting news – the Fed has finally slashed interest rates! This could be the perfect moment to take advantage of lower mortgage rates. Over the past few months, rates have steadily dropped, with 30-year fixed rates now hovering around 6% and FHA/VA loans even lower, in the 5% range.

If you secured a mortgage with a higher rate in the last few years, now might be the ideal time to consider refinancing. The question is, does the potential savings outweigh the closing costs? Let’s work together to figure that out.

At ClearPath, we’re here to guide you through the process and ensure you get a loan tailored to your goals. Ready to explore your options? get started today!