Mortgage Matters: Home Mortgages and Fed Rate Increase
The Santa Fe New Mexican › July 24, 2004
Linked as:
Summary
Many people believe, largely because of the news media, that the expected 2004 increases in the Federal Reserve funds rate for commercial banks means that home mortgage rates will increase.
This is not necessarily what happens. Federal Reserve actions directly affect the commercial banking rates but only indirectly produce changes in the home mortgage market.See the full content of this document
Extract
Mortgage Matters: Home Mortgages and Fed Rate Increase
The determining factor for home mortgages is one of the largest financial markets in the United States: the mortgage-backed securities (MBS) market....
See the full content of this document
Sponsored links
