Posts Tagged ‘rates’
What The Fed Rate Hike Means For Mortgage Rates
Today, the Fed raised the Federal funds rate by .25, marking a full 5% increase in the fed funds rate since they began hiking rates in early 2022. It’s important to note what the Fed rate hike means for mortgage rates and other areas of the market. The Fed funds rate is the rate at…
Read MoreWhat Is a Mortgage Rate Lock?
What is a Mortgage Rate Lock? A mortgage rate lock allows customers in need of mortgage financing to “lock” in their interest rate. This is an important feature of mortgages because the markets that influence mortgage rates (Mortgage backed securities, or MBS) trade each day and in certain markets can be very volatile. Rates can…
Read MoreWill Inflation Go Down?
Will Inflation Go Down? There’s a lot of economic jargon being tossed around in headlines these days, and one of the hot topics out there is inflation. To start, it’s important to understand what inflation is. When the value of a currency diminishes, the result is inflation – basically, you get less for the…
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