if your sub prime mortgage comes up in June for an adjustment, will the drop in fed rates help it?

no that wont help since they dont go off current interest rates its calculated from the margin that you have which is a number on your account that never changes (you can ask your mortgage company what it is) and they add it to the current index which if its based off the LIBOR u can find that daily in the new york times.

best to try and refi, if not, ask your mortgage company about modifying your loan. if your approved for that they will freeze you at your initial rate, give or take a bit, for 2 years more or less best to check into that asap mods take a bit to get approved

It depends on your initial rate and terms of your loan, assuming this is an ARM which is what I am guessing you mean by an adjustment. If you are based on the prime rate, and your rate can't go above it, then it might help depending on how low your rate is now. The short answer is that it can't hurt and it may help. You need to read the terms of the loan to decide this.

NOPE.

mortgage rate are not actually tied to fed rates.

if u have a subprime, it is time to get 2more jobs, put kids to work, sell cars with loans , sell everthing not blood related so u can refi to fixed rate.

It takes awhile, this really is a question for your lender because it's their company that makes the decision to adjust the rates.