Janet Yellen And Mortgage Interest Rates Lexington Kentucky Real Estate Show 56

Janet Yellen And Mortgage Interest Rates Lexington Kentucky Real Estate Show 56

The most powerful woman in the world!

 

Get Lexington’s Best Real Estate Search App: http://bit.ly/2d0TNm0




The Federal Open Market Committee is meeting tomorrow to determine what the overnight interest rate on loans to banks should be.  Normally when the Fed raises the Federal Funds rate their would be a corresponding rise in treasuries and then in mortgage interest rates.  However, the Fed raised rates in Dec 2015 for the first time since 2006.  Contrary to expectations treasury and mortgage interest rates didn’t rise!  This opposite effect was the result of foreign demand for US treasuries and dollars.  Other currencies like the Euro and Yen have seen even worse return than we have in the US so many holders of these currencies are buying us US treasuries.  The result?  The Fed raises rates and demand for treasuries still stays strong and we saw mortgage interest rates fall!  So what will happen on Wednesday when the Fed announces what they will do with rates?  Your guess is as good as mine.

 


Morgan Franklin

United Real Estate Lexington

(859) 576-0801

morgan@lexhomehub.com


Morgan Franklin Headshot
Author:
Phone: 859-576-0801
Dated: April 6th 2017
Views: 10
About Morgan: Hi, I’m Morgan Franklin and I am a Realtor in Lexington Kentucky. I have lived here for over 25 ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Our Bloggers

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

LexHomeHub
2357 Hueguenard Dr
Lexington, KY
859-554-2054