How the Economy Impacts Mortgage Rates
One thing that can affect mortgage rates is the Federal Funds Rate, which affects how much it costs banks to borrow money from each other.:
It may seem appearExtreme but a consistently regularly unemployment rate is something the Fed needs to see before deciding choosing cut the Federal Funds Rate. While mortgage rates are going to continue to be unstable in the months and days ahead, these are indications the economy is headed in the direction the Fed wants to see.
One thing that can affect home mortgage rates is the Federal Funds Rate, which affects how much it costs banks to obtain cash from each other. Whenever they do, that’ll put downward pressure on mortgage rates.:
It may seem harshExtreme but a consistently regularly unemployment rate is something the Fed needs requires see before deciding to cut the Federal Funds Rate. While home mortgage rates are going to continue to be unstable in the months and days ahead, these are indications the economy is headed in the direction the Fed desires to see. Keep in mind, the Fed doesn’t straight set home loan rates.