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They actually follow primarily direct the Treasury Bonds (10 year). The Federal Reserve comes into play when looking at inflation and job rates, yes, but the actual Federal Reserve rates has an indirect effect on mortgage rates, aka low effect on mortgage rates. Many economists and investors follow the 10 year treasury bonds to forecast mortgage rates. These are managed through two separate entities, as well. Treasury Bonds being through the Treasury/Bureau of Fiscal Service and the rates that we hear more in the media, especially surrounding quarterly Federal Reserve meetings being through The Federal Reserve. This is one of the biggest confusions I see in our industry, but again I feel that's mostly bc of the media headlines we see so much. ...In other words, look more at the 10 year bond/Treasury Bonds rate rather than The Fed rate for mortgage forecasting.

@kristincolemanrealtor Thanks for the economics lesson Kristin! 😄 My post was intentionally simplified for buyers who are just getting started,not a finance seminar. 😊 But you’re right, the 10-year Treasury Bond is worth watching too! The more we all share, the more buyers win. 💛

Sounds like market is getting 🔥🔥🔥

so much fun! thank you, love you!!

Who are the two studs on the last photo?

@brayden_funk5 some say the life of the party

@brayden_funk5 I didn’t see any studs. I saw some duds.😂😂 kidding!