So the recent fed lowering of rate is not yet reflected in mortgage rates to the extent that the rates are lower than they were recently prior to the fed lowing the rate.We have our docs to our mortgage broker and can refinance when it makes sense. 

TruPoint quoted 3.5% before the Fed 100 bps rate cut.

The fed is freaking out trying to keep this thing together and massive fiscal stimulus is desperately needed to fend off a massive deflationary event.Obviously we get through this and normalize but recession is baked in, and only arguments is if global recession.

Until we understand the full financial implications through the entire value-chain, I hope the city/state/feds are treading lightly until we have the full perspective.  

@James Mc ReeThe perception that rates are low from the Feds announcement is driving demand for refis even though mortgage rates are rising.

I was curious to know what actual or potential impact (if any) the current COVID-19 pandemic, Fed rate cuts, etc. would have on "hard money" lending and borrowing? 

I was hoping for low threes in a zero FED rate environment

NY FED SAYS IT WILL OFFER $1 TRILLION IN OVERNIGHT REPO EVERY DAY THIS WEEK!

There is only so much the fed can do, and the federal government will be forced to raise taxes at some point.

Real estate values are not tied to the stock market, and the fed keeps lowering interest rates which I think allows the real estate party to continue.