Why Aren’t Mortgage Rates Falling?

Consumer borrowing costs haven’t tracked the Fed since it cut rates by half a percentage point in September

If the Fed Is Cutting Rates, Why Aren’t Mortgage Rates Falling?

The central bank lowered its benchmark rate by a quarter-percentage point Thursday, following its half-point cut in September.

But the average rate on a 30-year fixed mortgage has gone in the opposite direction since the Fed’s first cut,

rising by more than half a percentage point to 6.79% this week,

It might keep climbing, tracking the recent rise in the 10-year Treasury yield.

Bloomberg 7 november 2024

Tillbaka till Rolfs länktips 7 November 2024

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