FED raises rates 1/2% and Mortgage rates DROP

I've previously explained how the Fed Funds rate isn't directly tied to mortgage rates and today was a perfect example of how that's the case. Fed did what they said they would do and everything went up. Stock market exploded, bond market went nuts - just wild altogether. That said, there are a couple things I'm watching closely here and also predicting a big run in crypto soon...will explain why! Hope it helps and links below! :)

SUBMIT YOUR SCENARIO - get a loan quote specific for you and fast! All I need is the following info…feel free to email or text:
- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in
I will get back to you ASAP! :)
Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046

VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today

LINKS:
https://www.cnbc.com/2022/05/04/fed-raises-rates-by-half-a-percentage-point-the-biggest-hike-in-two-decades-to-fight-inflation.html
https://www.cnbc.com/2022/05/02/stagflation-risk-rises-as-the-federal-reserve-tightens-monetary-policy.html
https://www.investopedia.com/terms/s/stagflation.asp
https://www.bea.gov/data/gdp/gross-domestic-product