Here’s what you need to know about mortgage interest rates.

What is a 30-year fixed-rate mortgage, and how does it relate to interest rates and the Federal Reserve? Recently, we discussed the Treasury and what it means for interest rates, so today, we want to take things a step further and explain how this relates to your mortgage. If you’re thinking about buying a home, this is critical information. 

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided: 

0:00 — Introduction

0:42 — The Fed’s rate and mortgage rates are not the same thing

1:40 — The Treasury yields are what determine interest rates

3:12 — Rates today are not a bad thing

4:24 — Rates will probably never go down to 3% again

5:11 — Wrapping things up

If you have questions about today’s topic, please call or email me. I am always willing to help.