[RockinRight]

It's difficult to tell what they'll do. There is no direct connection between the overnight federal funds rate and fixed-rate mortgages. Often mortgages actually creep up slightly after a Fed cut. They trend the same overall, but not directly.

Look at this chart:

Fixed rates are actually tied to 10-year Treasury bonds.

That all said, I think mortgage interest rates will stay about the same or continue slowly creeping down a bit more.

[Travis McGee]

Good chart.