[Capn Hayek]

Mortgage rates are tied to the 10 year treasury — which is a fairly pure (gadgets aside) market function based on demand. The Fed doesn’t control this.

The “prime rate” is really limited to institutional lending. This means it *does* impact credit card rates, savings interest rates (in the opposite direction). I suppose HELOCs, too.

But not mortgages.

[lastchance]

Thanks. I did not realize that.