• The latest Federal Reserve meeting suggests mortgage rates will stay low for the foreseeable future

    9 days ago - By Business Insider

    Summary List Placement Are mortgage rates going up?
    Mortgage rates have been a little higher this week than the previous week. But you probably don't need to worry about rates trending upward overall anytime soon.
    Low mortgage rates are usually a sign of a struggling economy, so rates have been low in the US during the coronavirus pandemic. Several factors affect mortgage rates, one being the federal funds rate set by the Federal Reserve .
    The federal funds rate is the rate banks charge when they lend to each other. The Fed's rates affects rates on credit cards , loans , savings accounts...
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