We are living in crazy times. As we watch this week’s unemployment figures tack on another 3 million people filing this week alone and the Federal Reserve offering next-to-nothing interest rates for commercial lending and buying high-risk ETFs, you would think we are on the brink of a huge recession. And yet, when it comes […]
The Relationship Between the Federal Reserve and Mortgage Rates is Now Murkier than Usual
Anyone who had asked about mortgage interest rates’ relationship to the Fed rate would usually be told that the Federal Reserve rate had nothing to do with current mortgage rates. While that is technically true, the unprecedented moves by the Fed in the last few months have tied mortgage rates more inextricably to it. In […]
How Will the Federal Reserve Rate Cuts Affect Mortgage Rates in California?
We have seen that the Federal Reserve has made an emergency cut of its benchmark rate to nearly zero this past weekend. The Fed makes its decisions based on many factors, the most current is the economic impact of COVID-19. And although the fund’s rate is tied to mortgage rates indirectly, what we have seen […]
