Posts Tagged ‘fed cut rates’
Why Did the Fed Cut Rates, But Mortgage Rates Went Up?
The Federal Reserve cut rates recently, but mortgage rates still went up. Why? The answer lies in the bond market. The Bond Market and Mortgage Rates The bond market is where government debt, like Treasury bonds, is bought and sold. The 10-year Treasury bond, in particular, impacts mortgage rates. When the bond’s interest rate (or…
Read MoreNavigating Fed Rate Cuts: What Homebuyers Need to Know
As anticipation builds around the Federal Reserve’s likely interest rate cut, homebuyers are keenly observing potential shifts in the housing market. Set for mid-September, this rate adjustment is expected due to a cooling economy signaled by subsiding inflation and a slowdown in job creation. Here’s what prospective homebuyers need to know about the impending…
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