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Brett's Mortgage Blog

Result Of Fed’s Meeting And Inflation On Mortgage Rates…

In spite of the fed increasing their funds rate yesterday the mortgage rate market actually went lower.  The inflation news also contributed to the rates going lower.

This may seem counter intuitive, but the Feds rate is a short term funds rate. Short term rates can often move in one direction while long term rates (like mortgage rates) move in another.

That’s it for today!

Have a good day! …and thanks for reading.

Brett

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Brett Sampson

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