If so, will it be a half-point? Will we, here in Marin, see any changes in rates, or are they already "worked-in" as they have said in the past? By this I mean will the new purchase money buyer see any drop in rates? My gut tell me that we will not see a drop in mortgage money. Rates are historically low and I do not see them dropping based on the perceived half-point rate decrease tomorrow.
What do you think?