How the Fed’s 50bps Rate Cut Impacts Mortgage Rates: What Homebuyers Need to Know

The Federal Reserve just announced a 50 basis points (bps) rate cut, but how does this impact mortgage rates? In this video, Ryan Morrow from Neo Home Loans explains the connection between the Fed rate cut and mortgage rates, what it means for homebuyers and refinancers, and how it could affect your loan strategy moving forward. Get a clear understanding of how this decision influences your mortgage options and what steps you should take next to maximize your financial benefits.