What do you want of Mortgage Interest Rates Today ?.
That which you read in the papers or watch on Msnbc is simplified for the masses. When you read the Fed reduced interest rates they are talking about the Federal Funds rate.
The Federal Funds rate is the overnight interest rate one bank charges an additional one for borrowed funds typically to meet the next day's maintain requirement. Banks must have a confident amount of money each day, at the end of the day, which may be borrowed from an additional one bank in order it to fulfill its obligation.
