How do Federal Interest Rates Affect Mortgages

The Federal Reserve decreased their benchmark rate by 50 basis points. What does this mean for fixed-rate mortgages? Let's dive in and unpack how federal interest rates affect mortgages.
It's important to understand that the Federal Reserve sets borrowing costs for shorter term loans by changing its federal funds rate. In this video I'm covering what the federal reserve decrease will have an affect on, and whether or not we'll see a change in interest rates for fixed rate mortgages.
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