If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?

If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?

The New York Times - Business:

The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.

This post first appeared in The New York Times - Business. Read the original article.

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