Greater Dayton Home Report

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A weekly snapshot of relevant local, regional, and national real estate news, and interpretation of its impact on the Miami Valley. We encourage your questions and comments and will strive to provide insightful answers to our readers.

Tim Hall: Licensed Real Estate Broker, actively selling since 1993. Co-founder of Re/Max Central Properties, with my wife, Bell Hall, and team-leader for a team of 7. BA from Capital University and a US Navy Veteran CU-60 U.S.S. Saratoga. Father of 3 - Alicia, Erica, and Amber; and grandfather of 1, Ava.

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Home > Blogs > Greater Dayton Home Report > Archives > 2008 > February > 04 > Entry

Do FED rate cuts lower mortgage rates?

By Tim Hall | Monday, February 4, 2008, 02:57 PM

Mortgage 101

Q. What is the most reliable predictor of Mortgage Rates? A. The Ten Year Treasury Note (Stock Symbol TNX)

Q. Do FED rate cuts lower mortgage rates? A. Let’s find out together! See the Six Month TNX Chart below. See the green circles? These mark the dates that rates were lowered by the Federal Reserve. Without exception, the TNX seems to follow. I was speaking with Mike Zimov, my son in law who is a loan officer with E-Loan. He gets rate updates typically twice daily. They tend to travel in LOCKSTEP with the TNX.

So if you want a hint as to the direction rates are going, look there first!

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