This is a YouTube video titled "🚨 The Fed’s update impacting Mortgage Rates 🚨" containing a monologue or single-speaker explanation from September 27, 2021, discussing the Federal Reserve's announcement about tapering bond purchases and its impact on inflation and mortgage interest rates.
Fed announced yesterday they may begin tapering their bond buying quicker than many expected. What this means each month the Fed buys bonds to stimulate the economy since COVID started to keep things afloat. This also pushes inflation higher, as many of us have seen. Cost of everything's going up, inflation's through the roof. It's about 5%. Their goal was only 2%. So they want to start weaning off or tapering to calm down inflation. So they're going to be buying less. When you buy less of something, they become more rare. The price goes up. This is what's pushing the price of interest rates up in the near future. SA.
