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… 🙂