With the threat of inflation scaring the bond traders these days, another rate cut by the Fed would likely cause mortgage rates to rise. Don’t get greedy. Cut your best deal now.

fed cutting rates has no effect on the 15 yrs and 30 yrs fixed. only arm rate. i hope u are not stupid and get arm. most foreclosures out there are cuz by arm rates.

Ask for a “down float lock rate.” That way, if the rates go down, so will your locked-in interest rate. Got this advice from Acorn Housing in connection with a transaction I’m considering. Makes sense to me.