The White House is “just going to have to come up with more money,” the House Speaker said.
As a first-time home buyer, you may not have the work experience of a seasoned purchaser, but that doesn’t have to affect your ability to get mortgage loan-approved.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
With interest rates at rock-bottom, the Fed wants to get out of the way of economic recovery.