As is often the case with 21st-century updates biggest changes to the VW camper vans comes under the hood and in the dash. Under the hood, the California sports a new, Euro-6 level emissions compliant diesel engine that develops 148 hp. Thatâs 10 more hp than the outgoing T5 model, but the T6 gets 44.1 MPG, as opposed to the T5âs 39.2 mpg rating.
Definition: The Fed funds rate is the interest rate banks charge each other to lend Federal Reserve funds overnight. These funds maintain the Federal reserve requirement. That's what the nation's central bank require they keep on hand each night.
The Federal Reserve has no direct connection to U.S. mortgage rates whatsoever. Here's proof: Over the last two decades, the Fed Funds Rate and the average 30-year fixed rate mortgage rate have differed by as much as 5.25%, and by as little as 0.50%. If the Fed Funds Rate were truly linked to U.S. mortgage rates, the difference between the two rates would be linear or logarithmic -- not jagged.