Mortgage Rates Don’t Move With The Fed Funds Rate
Mortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. Here’s a chart that proves it.
Read moreMortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. Here’s a chart that proves it.
Read moreMortgage markets improved again last week. The combination of global economic uncertainty plus a dour outlook from the Federal Reserve pushed mortgage bonds to highs for 2011, and drove mortgage rates below their all-time lows.
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