License #: FL: BK3020537 ONT: 9534243
When the Federal Reserve raises or lowers its benchmark interest rate, many people expect mortgage rates to follow suit. But the relationship isn’t that straightforward. The federal funds rate—the rate banks charge each other for overnight loans—has an indirect impact on mortgage rates. The Federal Reserve sets a target rate range for its rate—currently 4.25%…
The post Here’s What Moves Mortgage Rates—and Why It’s Not Always the Fed appeared first on RISMedia.
On Sat., Feb. 1, President Donald Trump imposed previously promised tariffs, implementing a 25% tax on imported goods from Mexico and most from Canada (energy related goods are only 10%) and an additional 10% tax on imported goods from China. Tariffs could impact the housing market in a few crucial ways. For one, prices on…
The post Tariffs, Likely to Be ‘Inflationary,’ Face Uncertain Future appeared first on RISMedia.