Jumbo Mortgage Refinance Should I Refinance Now? Or Will Fed Rate Cuts (I Hear There Will Be More) Drop The Mortgage Rates More?

Should I refinance now? Or will fed rate cuts (I hear there will be more) drop the mortgage rates more? - jumbo mortgage refinance

This is not a huge loan, and spoke with a mortgage rate that I quoted at 5.5 to 5.75%. Only to fall just not necessarily.