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What EXACTLY is the Fed Funds Rate?
Автор: Novum Home Loans
Загружено: 26 авг. 2024 г.
Просмотров: 26 просмотров
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What is the Fed Funds Rate? Everyone gets excited about the Fed lowering interest rates, but most don't understand what that means. The Fed doesn't directly impact interest rates available for mortgages, auto loans, etc. They only control what's called the Fed Funds Rate. Tad Hensley, CEO and Co-Founder of Novum Home Loans, explains how it works in this short video.
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