I'm Didier at Didier mortgage we just

had a Fed cut of a quarter of a point

what does it mean doesn't mean the rates

is drop automatically

the answer's no see the markets been

anticipating a rate drop now for several

months so it has been easy the ten-year

Treasuries been easing the rates have

been coming down but when the feds

announced a quarter of a pallet drop

they got a little upset with Wall Street

because Wall Street wanted a half a

point they wanted more aggressive cuts

and the Fed said not you got a quarter

and I don't see anything happening

anymore for a while so that wasn't what

Wall Street wanted so when you saw that

that happened rates actually popped a

little bit but you have to remember the

preceding months the rates were coming

down so they just wanted to see more

aggressiveness there's a little bit of

instability because they don't know if

more cutter in store for the remainder

of the year so it kind of asked if the

unemployment is so low and the economy

is doing so incredibly well why are the

feds cut why does Wall Street 1/2 a

point is because of tariffs everything

going on trying to keep things steaming

along these are just questions but you

know if you're gonna refinance and I'm

getting lots of calls and emails on that

you have to really drop almost 2 percent

in order to make it worthwhile because

of the closing cost yes the closing

costs are included in your loan amount

but I get that little trigger of about

18 months one and a half years to

recuperate your closing cost I'm all for

it but you know I've got people calling

me up that the rates have dropped a

quarter or three-eighths of percent of

like we got refinance now you're gonna

drop by $20 and you can spend $3,600

that doesn't make sense so really you

have to wait for that opportunity when

you have a significant rate drop when

you see a rate has dropped down by two

percent is that out of the ballpark I

don't think so is it gonna happen today

no I think there's opportunities next

year so really you have to make it worth

the while to refinance in order to be

cost effective and again you had to hear

about the feds

you got the feds wanting a quarter and

they're not seeing anything happening it

lately or in the near future

Wall Street wanting a half and more

aggressive hmm we'll have to see what

happens but

the rates great absolutely a great

opportunity to buy and maybe makes sense

on refinancing if you've dropped enough

did-ent da mortgage thanks for joining

me