How will the recent cut by the Fed of the discount rate affect the intrest rates on home mortgages?

If I were to shop around for a mortgage on Thursday, what if anything would be different than the motgage rates that I would find on Monday?How will the recent cut by the Fed of the discount rate affect the intrest rates on home mortgages?
It won't affect it at all.





The discount rate is the rate that banks charge each other for loans. It doesn't impact consumer loans. This reduction was more symbolic than anything else. It showed the market that the Fed is aware of the current turmoil and is watching it closely.





In any case, the Fed has very little impact on mortgage rates. The Fed only controls short-term rates. Long term rates, like mortgages, are controlled by the market.How will the recent cut by the Fed of the discount rate affect the intrest rates on home mortgages?
I don't know about the US, but in South Africa, when our Reserve Bank cuts the interest rate, then the mortgage rates usually follow suit within 24 hours.