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…

The financial landscape is poised for change with the Federal Reserve expected to slash interest rates soon. For over a year, rates have remained steady, but with inflation now under control and job growth slowing, a cut seems imminent. This is big news, especially if you’re looking to buy a home soon. Let’s dive into…