is there a ripple effect? is there a conversion formula? is the affect on mortgage rates delayed? if so, by how much time?
The Fed rate barely touches mortgage rates, if at all. Mortgage rates are much more reliant on the rates of T-bills and similar. The Fed rate affects such things as credit card interest rates.
When the fed lowers their rate, how exactly does this affect mortgage rates?
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The Fed rate barely touches mortgage rates, if at all. Mortgage rates are much more reliant on the rates of T-bills and similar. The Fed rate affects such things as credit card interest rates.
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