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A comment on In Argentina, inflation is a way of life. Parent comment
Is that accurate to say? Because I don't think so.
It seems more accurate to say mortgage rates for fixed loans are set by the cost of money at purchase / loan-initiation time.
Which makes sense, as that's when funds are actually changing hands (from purchaser's lender to seller).
And ultimately, that's banks' cost of money, which means then-current Fed rate + spread, no?
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Is that accurate to say? Because I don't think so.
It seems more accurate to say mortgage rates for fixed loans are set by the cost of money at purchase / loan-initiation time.
Which makes sense, as that's when funds are actually changing hands (from purchaser's lender to seller).
And ultimately, that's banks' cost of money, which means then-current Fed rate + spread, no?