Mortgage rates and the Federal Reserve, explained

Amy Scott Dec 9, 2019
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Justin Sullivan/Getty Images

Mortgage rates and the Federal Reserve, explained

Amy Scott Dec 9, 2019
Justin Sullivan/Getty Images
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COPY

After three interest rates cuts this year, the Fed is expected to keep rates right where they are when Chair Jay Powell and company meet this week, particularly after Friday’s strong job data sent a reassuring signal about the health of the U.S. economy. But how do the Fed’s moves affect our borrowing costs? When it comes to mortgages, the relationship is not so simple.

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