Fed Funds Vs. Mortgage Rates

by Alex Stenback on October 29, 2008

Fed funds vs mortgage rates 
A great graphic from the folks over at Econompic Data that illustrates just how little correlation there is between the Federal Funds Rate and Mortgage Rates.

Sometimes, a little eye candy will make the same point it takes us a few hundred words to get across.

The Fed cut rates by .5% to 1%.  This is the lowest level for the Federal Funds Rate since 2003, and there may be more cuts to come, in case you did not catch the news.

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