#FedRateCut #COVID19 #MarketUpdate
When the Fed cuts rates, they aren't cutting mortgage rates. The Fed rate is the short term rate that banks use to lend money to each other, called the interbank offered rate. This is not the same as mortgage rates which are tied to long term security instruments.
Check out the video for more detail and let us know if you have any questions!
Join us on Facebook around 1pm MST for a Live Q&A session to answer all your questions regarding mortgage rates, the impact of COVID-19 on the market, and what Fairway is doing to help you!
https://www.facebook.com/baxterrj
www.facebook.com/teambaxtercolorado
RJ Baxter
Branch Manager
303-670-0137 – Direct/Text
720-398-3314 – Fax
165 S. Union Blvd #400
Lakewood, CO 80228
cohomesandloans.com
