41 - Mortgage Rates vs. Fed Rates: What You Need to Know
In this episode, Haley sits down with the guys of After Hours Real Estate to dive into the relationship between mortgage rates and Federal Reserve (Fed) rates, breaking down common misconceptions and exploring how changes in Fed rates impact mortgage rates. Listen to the very end to get some great tips on shopping for rates! Here is the link to the article discussed in the episode.
Key Takeaways:
Fed Rates Explained:
The Federal Reserve sets the federal funds rate, which is the interest rate at which banks lend to each other overnight.
The Fed rate influences short-term interest rates, but it…
The skinny
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