How the fed rate cut affects mortgage rates

This past Wednesday, the Federal Reserve Bank reduced the Fed funds rate by .5%, bringing it’s target rate to 4.75-5% from the previous 5.25-5.5% range. But what does the Fed rate cut mean? To the vast majority of people not dealing directly with the Fed? It’s important to understand what the Fed funds rate actually…

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The Fed announced today an interest rate hike of .25 to the Fed funds rate.  This brings the Fed funds rate to 5.5%, the highest level in 22 years, as the Fed continues to fight against stubbornly sticky inflation.  In commentary following the hike, Fed officials noted they’ll watch inflation and monitor the overall marketplace…

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How Does the Fed Affect Mortgage Rates? Along with employment & jobs numbers over the past several months, the Fed and their debate on the future of interest rates has fueled the minute rises and falls we’ve seen on rate sheets over the last several months. Going back to last December’s rate increase, the markets…

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