The Effects of the Fed Meeting on the Price of a Mortgage

When the Fed meets and say hey we're gonna raise interest rates what it does it increases the cost of everything out there whether you're a bank or you're a person consuming. If inflation is going up the dollar is losing value whoever's holding it for 30 years is making less money because you have paid back on the instrument that's declining. They're still attacking people spending money as a whole but increasing rates and increasing costs. Right now I know for them to try and even continue to keep attacking their attacking jobs they've got to get more people less people working so there's less money in the economy less money chasing things shrink the inflation back down to a manageable level.