Additional Context⬇️⬇️ Basic Economics (regardless of what the interest rate is for) when: • Interest Rates go ⬆️ = More Expensive to Borrow = Decrease in Purchasing Power • Interest Rates go ⬇️ = Less Expensive to Borrow = Increase in Purchasing Power The Federal Fund Rate impacts short term lending. The 10-Year Treasury is what impacts long term lending. **Once you secure a fixed mortgage rate your rate will not change unless you refinance aka replace your current mortgage with a new mortgage
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Additional Context⬇️⬇️ Basic Economics (regardless of what the interest rate is for) when: • Interest Rates go ⬆️ = More Expensive to Borrow = Decrease in Purchasing Power
Reggie Jennings(@reggiejennings_). original sound - Reggie Jennings. Additional Context⬇️⬇️ Basic Economics(regardless of what the interest rate is for) when: • Interest Rates go ⬆️ = More Expensive to Borrow = Decrease in Purchasing Power • Interest Rates go ⬇️ = Less Expensive to Borrow = Increase in Purchasing Power The ...
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Reggie Watts Live at the Okayplayer
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