2 of the Factors That Impact Mortgage Rates
The Fed does relocate the Federal Funds Rate up or down in reaction to what’s occurring with rising cost of living, the economic climate, job costs, and extra. High cost of living and capitalist assumptions of even more Fed price hikes can push home mortgage prices up. Over the last pair of years, the Fed raised the Federal Fund Rate to attempt to battle rising cost of living and, as that happened, home mortgage prices jumped up.
High inflation and investor expectations of also more Fed cost walkings can press home mortgage rates up. Over the last pair of years, the Fed elevated the Federal Fund Rate to attempt to battle inflation and, as that occurred, home mortgage prices jumped up.