Bonds And Interest Prices
Nevertheless, the Fed does set borrowing charges for shorter-term loans in the U.S. by moving its federal funds price. The federal funds rate can have a knock-on effect on 10-year Treasury bond yields, which is what most mortgage prices are tied to. Basically, the Fed does not directly set mortgage prices, but its policies can influence the financial markets and movers that do. Chart data is for illustrative purposes only and is subject to modify with no notice. Advertised price,…