Why the Fed’s next decision will not set your mortgage rate
Ahead of October’s Fed meeting, trace the steps between overnight policy, longer-term yields, mortgage spreads and the contract a borrower actually holds.
Theo Grant
Theo Grant covers central banks, economic data and the way policy decisions reach everyday borrowing costs. His approach starts with clear definitions and follows the steps between an announcement and its effects. Outside work, Theo enjoys long walks, old maps and trying to keep a sourdough starter alive.