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.
This bond-buying policy is a major influencer of mortgage rates. But starting in November 2021, the Fed began tapering its bond purchases downward, making sizable reductions each month until ...
Thinking about taking out a mortgage loan? Current mortgage rates remain at 6.88% for 30-year terms, while 15-year terms rise ...
The Federal Reserve cut interest rates by a quarter-point on Thursday, even as mortgage rates have been rising since September.
To better understand the future direction of mortgage rates, we need to understand what factors influence them.
It looks like the Fed is stuck with very large, losing “temporary” mortgage-backed securities investments for a long time to ...
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It ...
Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.
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