cover of episode Why Mortgage Rates Aren't Awesome... Yet

Why Mortgage Rates Aren't Awesome... Yet

2024/10/1
logo of podcast Money Rehab with Nicole Lapin

Money Rehab with Nicole Lapin

Chapters

The Federal Reserve's rate cuts primarily affect short-term loans between banks, not directly impacting personal finances. These cuts make it easier for banks to access funds, theoretically leading to increased lending and lower borrowing costs for consumers and businesses over time.
  • The Fed's rate cuts apply to short-term interbank loans.
  • Easier bank access to funds should theoretically lead to lower consumer borrowing costs.

Shownotes Transcript

After the Fed's decision to cut interest rates, why didn't the average mortgage rates drop significantly? Nicole explains the relationship between the Fed rate and our mortgage rates and when they do— and don't— move together. Hopeful homebuyers, this one is for you!