Chapter
Understanding the Difference Between Federal Funds Rates and Mortgage Rates
40:18 - 42:58 (02:39)
This podcast episode explains how the Federal Reserve Bank's interest rates, known as the federal funds rates, can affect mortgage rates. It also clarifies the distinction between interest rates and mortgage rates.
Clips
The federal funds rate, set by the Federal Reserve Bank, can impact where mortgage rates are heading.
40:18 - 41:54 (01:36)
Federal Reserve Bank
Summary
The federal funds rate, set by the Federal Reserve Bank, can impact where mortgage rates are heading. Currently, the federal funds rate is just under 5%, while 30-year fixed rate mortgages are around mid 6%.
ChapterUnderstanding the Difference Between Federal Funds Rates and Mortgage Rates
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Rising interest rates have consequences such as a slowing economy, making borrowing money more expensive, leading to less spending which is bad for the economy.
41:54 - 42:58 (01:03)
Interest rates
Summary
Rising interest rates have consequences such as a slowing economy, making borrowing money more expensive, leading to less spending which is bad for the economy.