My wife has a master's degree in business so she was explaining to me how this worked and how the treasuries interest rates likely would have been dropped by the Fed to give some people relief which would cause the dropping the Mortgage rates to the lowest point in 2024 so far. I'm not entirely sure how all this works but to me this was a way for the Fed to help people and the economy without lowering bank interest rates which would have caused a lot of commotion this close to an election.
To the best of my ability I write about my experience of the Universe Past, Present and Future
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Tuesday, August 6, 2024
Because interest on Treasuries went down and caused Mortgage rates to drop too dow went up 300 points approximate today
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