Talk of The Villages Florida - View Single Post - Sick & tired of the reporting it’s great news the Fed may be cutting interest rates!
Thread: Sick & tired of the reporting it’s great news the Fed may be cutting interest rates!
View Single Post
 
Old 09-13-2024, 06:44 AM
Switter Switter is offline
Senior Member
Join Date: Jul 2023
Posts: 254
Thanks: 27
Thanked 133 Times in 89 Posts
Default
Quote:
Originally Posted by bshuler View Post
In July, on a new home in TV I got a 30 year rate quote of 7% from Citizens First.
Tuesday I got a rate of 5.875% on a 30 through National Bank of Kansas City (nbkc).
Loan officer claims rate cut has already been built into the market.
I bought last August and I am at 6.875. I didn't know they were already below six. I might still wait, holding out hope they'll go to the low 5%