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The Fed and Mortgage Rates are Distant Cousins. They are NOT Identical Twins

Fed Market Update – 6/15/2022

Repeat after me: 

“The Fed didn’t just increase mortgage rates by .75%” 

…(then, repeat that three times)…

Please watch the attached video to understand what the Fed just did and how it influences mortgage rates (spoiler alert: Watch the video.)

The Fed actions and mortgage rates are distant cousins. They are not identical twins – so, don’t expect them to act the same. They don’t. I should know… 🙂