How low will the mortgage interest rate go with the feds recent interest rate cut?
Answers: For new mortgages, very little. Mortgage interest rates have very little to do with the Fed Funds rate. Fed Fund rates are short term rates between banks. A mortgage is a long term loan and the mortgage company is looking at what it thinks rates will do long term.
it really depends on how the markets take this move. Based on today's stock market activity, they are not taking it very well and stocks are still down. If the stock market and equities both domestically and internationally continue to drop, it will be good news for rates. If stocks recover the losses they've taken early this week, then rates will shoot back up. It's too early to call.
How does involvement rank affect buyer finding making?
Consumer reports buyingAnswers: There are ten involvement levels. Buyers enjoy twelve decision making level. The aim is to level the playing pen by eliminating non-firming up unresponsive end path and establishing parity stratum stages. Any one of those levels that involve interest should be pursued but relinquished on the double should concentration be lost. Move to the next plane and so on. ps Have a product the customer wishes to buy.
Extreme involvement levels can be defined thus:
Full involvement money using your own cash to buy something.
No involvement technique using someone else's cash
The more involved someone is near buying anything the less logic they will apply to the purchase (usually)
Why doesn t my mortgage payment go down when Feds lower rate? Mortgage Co. says that doesn t effect my mortgag
Answers: Your mortgage is not necessarily tied to the fed funds rate. You may have a fixed rate mortgage, or it could be tied to some other rate, such as the libor rate. If you do have and adjustable rate mortgage, the mortage payment is usually not recalculated every month. It may be every six months or year. So the rate would need to be lower whenever your adjustment period is scheduled. For example, I have and adjustable rate mortgage that is tied to the libor rate, and adjusts in December and May. My rate went down in December, and the libor rate has continued to go down, but my rate will not readjust until May, if it is still down.
It doesn't. You need to look at the terms of your loan.
Plus people think it's an instant thing when they lower rates. We will not see this for about 6-8 months. It doesn't happen over night, sorry.
Well you pay for whatever your note says. If the Feds lower the interest rate the only people that are going to benifit from that are people that are about to get a home loan. they are doing that to get more people to want to buy houses and get mortages to fix the problem going on right now.