Mortgage Interest Rates Moving Lower January 30, 2019

Mortgage Interest Rates dropped a bit?today, largely in response to the Federal Reserve’s policy announcement.? The Fed is in charge of a key short-term rate that impacts the entire financial market by varying degrees.? The Fed does NOT set fixed mortgage rates, but in general, the friendlier the Fed with its monetary policy, the better it is for the entire spectrum of rates.? So let’s hope the Fed holds it’s rate steady, which keeps the market steady, which should be good news for mortgage interest rates.