Understand How Mortgage Rate Works
Understand How Mortgage Rate Works
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🏡 Confused about how mortgage rates really work? 🤔 It's time to clear things up! When the Fed cuts rates, it doesn't automatically mean mortgage rates will drop too. 📉 Instead, mortgage rates are influenced by inflation, particularly fuel costs. ⛽️ If gas prices rise, expect mortgage rates to follow suit, and vice versa.
Thinking about refinancing or want to learn more about how these changes could affect you? đź’¬ Let's chat! Drop a comment or send me a DM!
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