Why the Fed Doesn't Set Mortgage Rates
By Heather Lay | REALTOR®
Categories: business, investing
“Wait for the Fed to cut” sounds like a clear homebuying strategy. It connects a familiar institution with a payment that matters to your household. But the connection leaves out several steps. The Federal Reserve influences borrowing conditions across the economy; it does not publish the rate a lender must offer you on a 30-year fixed mortgage. HeatherCollection.com
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- Why the Fed Doesn't Set Mortgage Rates
“Wait for the Fed to cut” sounds like a clear homebuying strategy. It connects a familiar institution with a payment that matters to your household. But the connection leaves out several steps. The Federal Reserve influences borrowing conditions across the economy; it does not publish the rate a…
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