EXPLAINED: What Really Determines Mortgage Interest Rates?
michaelthornton.substack.com
The last couple years have stirred up lots of talk around interest rates. From their historic lows in 2020/2021, to historic increases over the past 6 months. We’ve heard that the Federal Reserve (the central bank of the United States) is increasing rates in an effort to curb inflation, but do you wonder what the Fed has to do with rates? Why they change daily? Why there are different rates from different companies?
EXPLAINED: What Really Determines Mortgage Interest Rates?
EXPLAINED: What Really Determines Mortgage…
EXPLAINED: What Really Determines Mortgage Interest Rates?
The last couple years have stirred up lots of talk around interest rates. From their historic lows in 2020/2021, to historic increases over the past 6 months. We’ve heard that the Federal Reserve (the central bank of the United States) is increasing rates in an effort to curb inflation, but do you wonder what the Fed has to do with rates? Why they change daily? Why there are different rates from different companies?