The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
On Nov. 7, the Federal Reserve implemented a 0.25% reduction to the federal funds rate, its second cut in over four years.
Long-term mortgage costs have risen since the Federal Reserve started cutting interest rates in September as the yield curve ...
The mortgage interest rates of 2020 and 2021 may never reappear but, if they do, it will be a gradual process to get them ...
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It ...
It looks like the Fed is stuck with very large, losing “temporary” mortgage-backed securities investments for a long time to ...
Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will ...
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