Curious about Mortgage rates
How does the current economic climate affect mortgage rates?
The current economic climate can have a significant impact on mortgage rates. For example, if the economy is doing well and there is strong job growth, inflationary pressures may increase, which could lead to higher mortgage rates. On the other hand, if the economy is struggling and there is little job growth, inflation may remain low, which could keep mortgage rates low as well. Additionally, the actions of the Federal Reserve, such as adjusting the federal funds rate or purchasing mortgagebacked securities, can also affect mortgage rates. Overall, the current economic conditions and market trends play a major role in determining mortgage rates.