How The Federal Reserve Affects Mortgage Rates shorts

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To understand how the Federal Reserve affects mortgage rates, we first have to understand how the Federal Reserve system works. • The FED sets borrowing costs for shorter term loans by changing its federal funds rate, which is the rate that dictates how much banks pay one another in interest to borrow funds from the reserves. • #federalreserve #interestrates #fixedratemortgage #mortgagerates #interestrates2024 #housingmarket #realestatemarket #grandrapidsmichigan #grandrapids • Comment, Like and SUBSCRIBE! • 📲 Phone: 616-366-8924 • 📲 Email: [email protected] • 👨‍💻 Website: www.bfaberrealtor.com • Home valuation tool: www.myequitycheckup.com • 👌Follow me on Instagram: •   / bfaber.re   • ⭐️Follow me on Facebook: •   / brandon.faber.167  

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