FED Evaluates Another New Rate Cut

Another rate cut is expected as the FED meets two days in a row to evaluate current rates. A cut of .25 basis point is expected with no further action until after the new year. Fed Officials Weigh a Rate Cut

Long term mortgage rates are not expected to be effected immediately. Most believe that current long term rates will remain steady with maybe a slight decline in the months to come, however nobody can tell for sure.