The Federal Reserve isn’t setting your mortgage rate

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 21 April 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s Whaddya Wanna Know Wednesday, that time of the week when our hosts answer your questions! We’ll start with a couple of questions about the Fed’s interest rate policy. One listener asks why a jump in mortgage rates doesn’t seem to be in line with the central bank’s single rate hike, and another wonders why banks and credit card companies don’t raise their own interest rates instead of waiting for the Fed. We’ll also follow up with yesterday’s guest for a question about refugee placement in the United States, and explain how Elon Musk made it to the top rank of the world’s richest people.

Here’s everything we talked about on the show today:

“What the Fed’s move could mean for mortgage interest rates” from Marketplace
“How Banks Set Interest Rates on Your Loans” from Investopedia
“Tesla’s Elon Musk drives past Jeff Bezos in Forbes’ list of billionaires” from Sky News
Elon Musk’s immense wealth — from emeralds to PayPal, SpaceX and Tesla from The Independent

Transcript

Click on a timestamp to play from that location

0:00.0	Half of the room from my bed.
0:02.6	Oh.
0:03.1	They are good at sound and slush.
0:04.4	All right, here we go.
0:05.1	Yeah, okay.
0:06.1	Yeah.
0:07.1	Hello.
0:07.9	I'm Amy Scott, filling in today for Kimberly Adams.
0:10.7	Welcome back to Make Me Smart, where we make today make sense.
0:14.9	And I'm so rebenna sure in for Kai Ristall for the rest of the week.
0:18.1	Thank you for joining us for What Do You Know?
0:20.6	Wait, what do you want to know?
0:21.9	When's I'm sorry?
0:22.6	I'm still new.
0:23.4	What do you want to know Wednesday?
0:24.7	The day we answer your questions.
0:27.1	And here is our first one.
0:30.0	Hi, this is Lee from Unstyl, Alabama.
0:32.3	We are the rocket city because we sent we had Werner von Braunstein sending men to the
0:38.0	moon.
0:39.0	My question is about interest rates.
0:41.3	The fed up to the interest rate of quarter of a percent, but mortgage rates would
	...

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