Mortgage Rates 08-01-2019 Lender 411

By Joy Green Updated on 8/1/2019

The FED's cut rates by .25bps, Wednesday. What does this mean for mortgage rates? Probably not much. In fact, rates are already at a low and are not likely to respond quickly or at all.

Mortgage rates don't often respond to the FED rate cuts, in fact, in 2018 the Feds increased rates 4 times in 2018. The mortgage rates fell at the end of December.

 

 

Bookmark this page for mortgage rates:       

 

 

• 30-year (FRM) rates at 3.77% (-0.08%)

• 15-year (FRM) rates at 3.50% (-0.06%)

• FHA 30-year Fixed rates at 3.38% (-0.12%)

• Jumbo 30-year Fixed rates at 3.88% (-0.04%)

• 5/1 ARM rates at 3.65% (-0.05%)