How Does the Fed Affect Mortgage Interest Rates?

CNBC, Nov. 17, 2023-Jason Stauffer
The Federal Reserve spent much of 2022 and 2023 bumping the federal funds rate higher in an effort to curb inflation. Although the Fed doesn’t directly affect mortgage rates, its management of the federal funds rate influences mortgage lenders and (along with other factors) helps them decide how much interest to charge on mortgage loans.
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