City Weekly · A And E
Home mortgage rates keep climbing despite soaring stock prices and rate cuts by The Fed.
Strange things are happening in the financial world and many folks are either not paying attention or confused as to what's going on with mortgage interest rates and the economy.
Strange things are happening in the financial world and many folks are either not paying attention or confused as to what's going on with mortgage interest rates and the economy. Here's my take on this, based on what my clients have been asking of me for the last month or so.
First, the Federal Reserve has lowered interest rates during its last two meetings. The Central Bank of the United States ("The Fed") manages the supply of money by helping to control inflation through interest rates that can make borrowing money cheaper. This can stimulate job growth and encourage investment.
The Fed…
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