May
05
When the fed lowers their rate, how exactly does this affect mortgage rates?
Byis there a ripple effect? is there a conversion formula? is the affect on mortgage rates delayed? if so, by how much time?
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1 Comments
May 8th, 2010 at 11:30 am
The Fed rate barely touches mortgage rates, if at all. Mortgage rates are much more reliant on the rates of T-bills and similar. The Fed rate affects such things as credit card interest rates.