You may think a cut in interest rates translates directly to lower mortgage rates. However, that is not always always the case. The Nerds discuss a common myth that The Fed sets mortgage rates….spoiler…. They don’t 👀 #mortgagerates #interestrates #thefed  #homebuying #nerdwallet #firsttimehomebuyer #economicstok #investing101 #financeforyou #fyp