We’re talking politics on “Today In Mortgage!” based on this article from The Hill titled: “Democratic senators call on the fed to cut interest rates over high housing costs.” Our team breaks down this headline, and finds yes, the federal reserve is accountable to congress, but their main job is to keep employment high and prices stable. Those pushing on the fed to lower interest rates can hope to influence them, but the feds bottom line is not to keep housing affordable.

As mortgage professionals we need to be knowledgeable and prepared to help our borrowers make wise borrowing decisions. Listen in as we breakdown todays news!

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