Rates are actually up a little bit today, relative to yesterday.Everyone is pulling back on pricing to slow down volume, just b/c the fed dropped the overnight interbank rate does not mean banks magically spawned an additional 500 underwriters each. 

Hey BP,So i’m still learning about this but what does it mean for investors and how can we take advantage of it from a real estate / stock investment perspective?

Hopefully the fed cut of interest rate of .005% (half a point) will help the market.

A conversation grew from there and she gave all the dirt on the seller:(he and his brother bought some land in south GA and build a new house and has neglected this house for over 10 years until recent the county stated getting on him and he finally came and cut the grass and remove the vines growing on the house) Great information!

However, being that the Fed's cut interest rates yesterday and likely cut two more times this year I feel like a HELOC could be a good option here.

I wanted to know what everyone's thoughts are on the Fed lowering the interest rate .5% points earlier this week are?? 

With the half percent drop in the Fed rate is it a good time to refinance?

@Nathan Claire Its an election year and so I think the fed will continue on its loose money policy.

These are third party closing costs (title, escrow, flood, tax service, etc.) are needed to get the loan done no matter which lender you go to.Now on the the main issue the VA funding fee which is more complex and could vary depending on your situation.As for the funding fee, that is a cost levied by the VA administration or the feds, unless you receive VA disability pay or a disability rating of 10% or higher you will have to pay this funding.

I want to use a 5% or no money down mortgage thru Navy Fed for the next purchase. 5% is about $25k for the house I am interested in.