Who is planinng on Refinancing?

[HPstache]

The Fed just announced a 0.25% rate cut.  Is there anyone else who was planning on refinancing during this current down turn in interest rates?  I was planning on refinancing either this year or next, and this seems to signal a good time... is it too soon though?  Looks like I can currently get a 30yr @3.625% or a 15yr @3.125 , is this cut already baked in to the current rates, or does it lag a bit?

My current rate is 4.625%, bought at a low in the market but at a peak in interest rates (early 2014)...

[Another Reader]

The Fed funds rate has little to do with mortgage rates.  Mortgage rates tend to follow 10 year treasury bill yields.  Those have also been declining.  Get a good loan broker to shop the market for the loan you want and when the price reaches your required combination of rate and terms, lock the loan.

[pdxvandal]

I've been in contact with my broker in the past few days (just bought a house a year ago) to refi from nearly 5% APR to close to 4%. It will help the cash flow by about $300 monthly, which hasn't been great after pouring it all into 457, 401 and HSA investments.