The Federal Funds Rate does not set mortgage rates. Mortgage rates typically track the 10-year T-bill but are directly connected to mortgage backed securities. Rates have in fact dropped slightly, but not that much from last Friday.
The Federal Funds Rate does not set mortgage rates. Mortgage rates typically track the 10-year T-bill but are directly connected to mortgage backed securities. Rates have in fact dropped slightly, but not that much from last Friday.
Leave A Comment