2 of the Factors That Impact Mortgage Rates
The Fed does transfer the Federal Funds Rate up or down in reaction to what’s occurring with increasing cost of living, the financial climate, job costs, and added. High cost of living and capitalist assumptions of even more Fed rate hikes can press home mortgage costs up. Over the last set of years, the Fed elevated the Federal Fund Rate to try to battle rising expense of living and, as that occurred, home mortgage prices lifted.
High rising cost of living and investor expectations of likewise even more Fed cost strollings can press home mortgage prices up. Over the last set of years, the Fed elevated the Federal Fund Rate to try to battle rising cost of living and, as that took place, home mortgage prices lifted.