Federal Reserve

In response to the economic impact from the Coronavirus concerns, the U.S. Federal Reserve announced an emergency rate cut this week. The Federal Open Market Committee axed the target by a half percent, going from 1.75% down to 1.25%. It’s the largest single reduction since 2008, when rates were adjusted to respond to the financial […]

Some experts will tell home buyers that they don’t need to worry about the federal funds rate because it doesn’t directly influence mortgage rates. This is generally true, but there are some correlations between the two numbers that home buyers might want to investigate before they decide when to purchase new homes.