Did the feds lower interest rates?

Leilani brings in the ten-year bond and she is excited to share charts because usually in the mortgage world they do not use charts. This week she was challenge due to the media. They were telling everyone that the feds had cut the rates. Just for everyone’s information the feds do not determine the mortgage rates, lenders go off by the ten-year treasury note or the thirty-year bond is. So, when the feds are saying they are cutting the rates it is only short term those are the prime rates, HELOC rates and adjustable mortgages those are the ones that are affective. But when you get to the treasury rates any time you see the bonds or securities are lower you are gonna see interest rates are going to lower they follow in suite. Keep on watching to hear more about what is going on in the mortgage world. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/