An Interview with Senior Lending Officer, Dale Kirk NMLS # 770647 Q: Mortgage rates have been a hot topic lately. What’s happening with them, and what can we expect moving forward? Mortgage rates have come down slightly in recent weeks, but they are unlikely to return to the historic lows of just a few years …
Explore the Link Between Fed Rate Changes and Mortgage Rates
In a recent video, Tom Lytton, FineMark’s Chief Credit Officer, talked about the relationship between Federal Reserve (Fed) rate adjustments and mortgage rates. When asked whether mortgage rates will follow suit when the Fed reduces rates, Lytton emphasized that the Fed’s actions do not directly dictate mortgage rates. He explained that mortgage rates are influenced …
