Access Mortgage

No, not directly. At least, not long-term mortgages. The Federal Reserve doesn't determine mortgage rates. The bond market does. So Fed rate cuts do not necessarily mean mortgage rates are going down. Truthfully, fixed-rate mortgages sometimes go up after a Fed rate cut. Fed rates are tied to short-term rates like credit cards, auto loans and equity lines, and may even trickle down to mortgage rates. The Fed Funds rate is the shortest of short-term rates.and Long-term, fixed-rate mortgages are all the way at the other end of the scale.