Breaking News‼️ - The Fed Funds Rate increased .75% today. BUT, it’s important to know the Fed Funds Rate DOES NOT EQUAL the Mortgage Rate! The Fed Funds rate impacts short term and/or variable rates like:
- Credit Card Rates
- Auto Loan Rates
- Savings Account Rates
- Student Loan Rates
Mortgage Rates have actually DECREASED this week!! (7/27/2022)
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