Why have mortgage rates gone up since the Fed rate cut? by Logan Mohtashami for HousingWire
HousingWireHousingWire The Federal Reserve cut rates on Wednesday and mortgage rates went up! What happened? The answer lies in the bond market. The 10-year yield and 30-year mortgage rate have been in a slow dance since 1971 and they trend together. The bond market isn’t old and slow like the…
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