Will current swap rates decrease with further fed action?
Or since markets are assuming additional rates cuts do current rates take that in to consideration already ? 

Basically, is now a good time to refinance and lock in a 10 yr swap or is it better to wait a bit?
[{"id": "fjxvc3z", "text": "My crystal ball says: at a certain point credit may freeze up and lenders say to go away. Is another 10 bps or whatever more important than locking in an historically low rate for 10 years?", "replies": [{"id": "fjxvzdy", "text": "That was kinda what I\u2019m inclined to do . Peace of mind over chasing a few extra bps", "replies": [], "depth": 2}], "depth": 1}, {"id": "fjxvsss", "text": "It depends on how your swap is written.  If you have a jack-in-the-box swap, then do something.", "replies": [], "depth": 1}, {"id": "fjy6zoa", "text": "Swaps are based on the curve so it depends on your term.12 month yeah, 10 year less so", "replies": [], "depth": 1}]