inflation: Feds Funds Rate, Mortgage Rates Inflation - Buckle UP!
- 09/22/22 12:57 PM
Feds Funds Rate, Mortgage Rates and Inflation - Buckle UP! Waking up to pricing for long term mortgage rates this morning is like waking up with the worst hangover. Yesterday we saw the Feds again raise their Fund Rate by .75%. They toyed with a full point increase, but settled on 3/4 point. The experts I subscribe to imagined an 80% chance long term mortgage pricing would be better today. It was quite the opposite. I feel like I've said it a million times. When the Feds raise their Funds Rate it does not mean long term mortgage rates go up the same. Sometimes (1 comments)