Many people think mortgage rates follow the Fed.
They do not.
The Fed Controls Short Term Rates
The Fed controls short term rates.
Mortgage rates are long term and tied to the bond market.
If you want help understanding what today’s rates mean for you, connect with Better Rate Mortgage and we will build a plan.
Markets Move Ahead of the Fed
Markets anticipate changes.
Mortgage rates often move before the Fed acts.
This is why rates can drop before cuts or rise before hikes.
If you want help navigating this, reach out to Better Rate Mortgage and we will guide you.
If you want a deeper breakdown of why rates have recently moved higher, read our full analysis on why mortgage rates are rising during Middle East tensions and oil price spikes.
