Following the Fed’s interest rate cut in December, what will the monthly payment be on a $600,000 mortgage?
In December, the Fed announced a cut in the policy rate, but this doesn’t always translate directly into an equivalent reduction in mortgage rates. In the real world, average rates for 30-year fixed mortgages still depend on market supply and demand, bank pricing, and conditions in the securities market—and according to recent reports, the national … Read more