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News from the Knoff Group

Federal Funds rate and does it affect mortgage rates?

This is one of the simplest and best synopses of the Fed Funds rate, how it correlates to mortgage rates, why the Fed’s balance sheet of Mortgage Backed Securities (MBS) is something that has more affect on rates. This is a little dated (from February 2022) but the information is still solid. The Fed has …

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Upswing In April 2013 Jobs Report Signals Good News For Real Estate

More good news for Real Estate. April 2013 Jobs Report Shows Strength For Housing Sector The Bureau of Labor Statistics released its monthly Non-farm Payrolls and National Unemployment Rate for April last Friday. These two reports are collectively called the Jobs Report.165,000 jobs were added in April, while the unemployment rate dropped from 7.60 percent …

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