Who Actually Controls Interest Rates?

A growing power struggle between the White House and the Federal Reserve could impact mortgage rates in a big way. Mortgage News Daily shows the average 30-year fixed rate around 6.32% today after reaching 6.64% just a few weeks ago. If markets lose confidence in how interest rates are set, long-term mortgage rates could move higher instead of lower. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate