The Fed dropped rates this week — but what does that actually mean for mortgage rates? 🤔
In this episode of Rate Watch, mortgage expert Dave Steinberg breaks down why mortgage rates stayed stable, who’s seeing better pricing, and why asking “What’s the rate?” is the wrong question.
You’ll learn:
How the Fed rate drop impacts mortgage rates
Why your credit score plays a huge role
How loan programs (Conventional, FHA, VA, Jumbo) affect pricing
Why property type can increase or decrease your rate
How to avoid misleading “advertised” rates you may not qualify for
If you’re thinking about buying a home or refinancing in NY, NJ, CT, or FL, this is must-watch info.
📞 Have questions? Let’s talk — no obligation.
Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
Chapters:
00:00 – Fed rate drop & mortgage market reaction
00:26 – Why mortgage rates stayed stable
00:39 – Why mortgage rates aren’t one-size-fits-all
01:10 – Credit score impact on your rate
01:33 – Loan programs explained (Conventional, FHA, VA, Jumbo)
02:47 – Property type & down payment add-ons
03:11 – Beware of misleading advertised rates
03:31 – Who should call & final thoughts
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367
Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance
Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking
Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) | Florida Office of Financial Regulation
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Refer with Confidence®
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