Summary
Everyone has said it. Mortgage rates would shoot right through the roof as the Federal Reserve kept on hiking short-term interest rates.
The common wisdom was that the two were linked as closely as two tango dancers. They always moved in concert. As banks paid more, they would pass it on to consumers. Those assumptions were wrong.See the full content of this document
Extract
After a Year and a Half of Fed Rate Hikes, Mortgage Rates Hold Steady
After a year and a half of Fed rate hikes, mortgage rates have been holding pretty steady. Recently they've even slipped despite the 13 Fed lending rate hikes in a row.
This past month the 30-year, fixed-rate mortgage dropped to 6.22 perc...See the full content of this document
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