Federal Reserves Announcement Yesterday & Mortgage Interest Rates
Channel: Luxury Listing Specialist
Date: 2022-06-16

The Federal Reserve raised the Fed Fund Rate yesterday by 0.75%.  The highest rate hike since 1994!  How does this effect Mortgage interest rates?  There a lot of misconceptions out there.  The Fed Fund Rate and Mortgage rates are completely different. 
The Fed Fund Rate effects short term financing like: credit cards, auto loans, home equity lines of credit....NOT mortgages.   Reach out if you have any questions on this topic or something else.  Tune into tomorrow for the "Luxury Fridays".  Go to www.LuxuryFridays.com and click on the first link or subscribe to Marketing Luxury Group my Youtube channel..