Wait.... whut? I thought the feds were lowering rates?
Discussion
The Fed doesn’t set mortgage rates.
They set the fed fund rate.
Do you not know that?
Mortgage rates tend to be more influeced by the 10-yr, IIRC. That aside, there is generally a correlation--when credit becomes 'cheaper' , meaning the price of a loan, you generally get more people buying loans...with their prospective future earnings...
I guess the bond market is calling BS.
Tu crees?