Sometimes when the Federal Reserve cuts their benchmark rate, mortgage rates actually go up rather than down. This may sound surprising given how much chatter there is about the connection between the Fed interest rate and mortgage rates. But the truth is, the two don’t always move in tandem with one another. I explain why in this video. I also discuss another economic marker that’s more closely aligned with how mortgage rates move. Check it out.
After you’ve finished watching, check out my post on how mortgage interest rates can affect your purchasing power. And you can also take a look at this post about how your credit score does (and doesn’t) affect your ability to get a loan.
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