RENE' K. ILK's Page

We’ve had a lot of questions lately regarding mortgage rates. It seems there is a lot of misinformation out there that we need to clear up. So here’s a basic economics lesson on mortgage rates!



Many mortgage applicants are expecting lower interest rates because of what the “Fed” has been doing. First, I have to ask this question; “What does the Fed cutting the Federal Funds Rate have to do with Mortgage Rates?” ALMOST NOTHING! And just what is this “Fed Fund Rate?” According to… Continue