fixed mortgages

How Does The Fed Affect Interest Rates?

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How Does The Fed Affect Interest Rates? If the Fed raises interest rates, it increases the cost of borrowing, making both credit and investment more expensive. This can be done to slow an overheated economy. If the Fed lowers rates, it makes borrowing cheaper, which encourages spending on credit and investment. What does it mean

Can Interest Rates Change On A Fixed Mortgage?

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Can Interest Rates Change On A Fixed Mortgage? Can interest rates change on a fixed mortgage? A fixed-rate mortgage is a home loan option with a specific interest rate for the entire term of the loan. Essentially, the interest rate on the mortgage will not change over the lifetime of the loan and the borrower’s