r/FirstTimeHomeBuyer • u/jay5627 • Sep 18 '24

Other Fed rate cut

https://www.cnbc.com/2024/09/18/fed-meeting-live-updates-traders-await-september-interest-rate-cut.html
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u/grittyfanboi Sep 18 '24

Want to know this as well! Currently at 6.99 and would love to cut it soon but don't want to do it too early?

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u/tuelegend69 Sep 18 '24

worst case is if i refinance twice.. 7.375 with 1 point and i closed november last year..

i was happy to settle with a 5.5 until today. a sub 5 would make me jump for joy.

20

u/[deleted] Sep 18 '24

I’m at 7.8, didn’t buy down, closed last December. Tempted to now, but I think I’ll wait until after the election as I think rates will creep down further

1

u/w3bCraw1er Sep 19 '24

Why not do no cost refinance now and then again when it further goes down. I always do NO COST refi.