In chemistry an âorbitâ is the energy level that an electron resides in within an atom or molecule. You may have heard them referred to as shells using the outdated Bohr Atom model. According to the Bohr model, the first shell holds 2 electrons. This model however is outdated.
As of April 2017 the target range for the Federal Funds Rate is 0.75-1.00%. This represents the third increase in the target rate since tightening began in December 2015. The last full cycle of rate increases occurred between June 2004 and June 2006 as rates steadily rose from 1.00% to 5.25%.
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.