After two and a half years of slogging through higher interest rates in an effort to throttle back inflation, the cycle is reversing. The Federal Reserve lowered its key interest rate by 0.50% at its meeting on Sept. 18.
However, the federal funds rate is not the only driver of mortgage rates. Will home loan rates finally drop significantly? If so, how fast and how far?
The bottom line for homeowners: Is now a good time to refinance your mortgage?
Hal Bundrick | Yahoo Finance