The BASE RATES (before addons for LTV, DTI, and FICO) continue to creep downward.  The current talk on the street is that the Federal Reserve will be looking to lower the overnight rate charged to banks 0.25% in September and the big question is whether or not there will be 3 or 4 reductions in 2024 for a total Fed Rate reduction of 0.75% or 1.00% before year end.  The Fed Rate directly impacts consumer debt products (car loans, credit cards, and Home Equity Lines of Credit) and an indirect impact on Mortgage Rates though at this point our BASE RATES are BELOW 6.00% for FHA, and CONVENTIONAL for all 15, 20, and 30 year terms …