Does the fed rate cut mean i should refinance my house?

Elnora
Yes, and ask for an adjustable rate so that the government will bail you out for making a foolish choice.

Isabel
Most likely no, depending on when you last refinanced your home it may have negative equity in it. Also, if you were like a lot of other people, you have already refinanced at least once if not more times in the past 5 years.

Danelle
NOt necessarily.No direct, immediate relationship to mortgage rates.

Alysa
No, not unless there is a significant difference in today's interest rate and the rate you have (more than 1%).Just because the feds lower rates today, that doesn't affect you and me today - just bank to bank stuff.