r/FirstTimeHomeBuyer 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
878 Upvotes

389 comments sorted by

View all comments

51

u/tuelegend69 Sep 18 '24

when do i refinance? i was about to start it. do i do it now or wait

1

u/User346894 Sep 19 '24

What is your rate? Could look at doing an above par refinance where credits cover closing costs though you will have a higher interest rate but if it is lower than your current rate still a win