Episode 03: Fed Fund Rates
from Loans Elevated
On this episode of The Loans Elevated Podcast, Broch shares information about FEB funds rates and mortgage rates – and what they actually mean. Broch encourages you to seek advice and speak to a mortgage professional instead of listening to mainstream media and their emotion targeted headlines. Broch states that the media is guilty of instilling whatever is going to drive the most emotional reaction from people and it’s regularly done within the real estate world. Broch takes us through FEB rates and their relation to mortgage rates. In March 2020 FEB dropped their rates to 0% right when the pandemic hit despite them being increasing since 2018 and during 2019. Broch mentions how FEB increase their rates to change the behaviour of the markets, slow down the economy and curve inflation. Broch reminds us that it’s important to know that FEB funds rates are going to increase because of inflation – mortgage rates are not the same as FEB funds rates. Broch explains how the FEB funds rate is the overnight borrowing rate for banks and how they’re mostly related to business and commercial loans. Broch shares how FEB funds rates and mortgage rates are correlated indirectly due to the behaviour of the markets, he also shares how we can expect to see FEB funds rates increasing over the year. Broch provides some final advice and strongly encourages you to use more logic and less emotion when making your investments. Send us Fan Mail 🎙 Loans Elevated Podcast Clear, strategic conversations on mortgages, real estate, and home financing — designed to help you make confident, informed decisions without the hype. Hosted by Loans Elevated, presented by The Lassig Team at CrossCountry Mortgage. 🔗 Resources & links: https://lassigteam.com 📲 Follow us on Instagram & Facebook: @loanselevated Hosts: Broch Lassig - Branch Manager | NMLS 340314 TJ Heidenreich - Sales Manager | NMLS 1802412 Ryan King - Loan Officer | NMLS 1870771 Branch NMLS 2048956 Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions may apply. CrossCountry Mortgage, LLC | NMLS 3029 www.nmlsconsumeraccess.org This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Consult a qualified professional regarding your individual situation.
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On this episode of The Loans Elevated Podcast, Broch shares information about FEB funds rates and mortgage rates – and what they actually mean. Broch encourages you to seek advice and speak to a mortgage professional instead of listening to mainstream media and their emotion targeted headlines. Broch states that the media is guilty of instilling whatever is going to drive the most emotional reaction from people and it’s regularly done within the real estate world. Broch takes us through...
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