You may have heard that the Federal Reserve raised the federal funds rate by .75% on Wednesday. This rate controls how expensive it is for banks to borrow and lend from each other – which influences how much it…
August 5, 2022. What the market’s ‘new normal’ means for buyers. Mortgage rates dipped slightly even after the Fed raised interest rates again last week – further illustrating that the market is driven by a range of macroeconomic factors (and not solely by inflation).
July 8, 2022. Rates are volatile this week, heading up mid-week after dropping for two weeks in a row on the heels of some positive inflation data.
If you’re a person who is a little fuzzy on what the Fed is or what it does, you’re not alone. But with interest rates rising this year, now’s a pretty good time to catch up. So, what is…