Generally speaking do the rates for mortgages go down when the feds cut rates?

No direct relationship, but frequently have impact. Feds rate is cutting rates banks charge each other. So can't answer, and yes it could move either way.

Presumably you're getting a fixed rate loan. If an adjustable rate loan, those rates are frequently tied to feds rate and can definitely rise and fall. The fixed rate loans are not directly tied. But the adjustable rates loans given to those with poor or no credit is what caused this mortgage crisis. Don't follow them!

Yes normally the banks pass on although they don't have too. Take a view to see if they will cut again there is always analysts predicting what will happen. Definatley wait until news of cut comes out and then take a view on if there will be any further cuts.

I'm in the UK and staying on tracker mortgages until rates look like they are going up then I'll jump into a fixed quick.

Keep checking out the best deals and compare al the time.

US rates are low so see whether the analysts think they will go down further or if this is it.

Yes - most rates are tied to the Fed. Prime

short term government could be intervening to stay away from rates from increasing, yet long term, traders are turning out to be hesitant to place their income mortgages the place the owner does not have a large piece of fairness. this would propose that in case you have a large down charge, your activity would carry or perhaps bypass down particularly, whilst in the experience that your own loan is a intense share of fee, then we could continuously have a compensating bigger activity fee. sturdy credit would count too, yet traders are asking residing house shoppers to place up extra of the possibility money. (down charge)