An Overview of the Fed Rate

I also have a longer explanation at http://www.womenbelonginthekitchen.wordpress.com
The two rates can coincide but they’re not the same and the Fed Rate can change nothing sometimes for mortgage rates.
A quick example why they can sometimes affect each other.
From Rocket Mortgage
Part 2 below
Hope this helps!!

If you have more questions email me or send a DM @snowplowsandcacti on IG.