Mortgage Rates Jump Abruptly Higher After The Fed's Rate Cut

Category: Finance

Following the Fed's rate cut, mortgage rates have increased, with the average lender's rates rising by at least 0.20%. The spike in mortgage rates is attributed to the Fed's outlook on future rate increases rather than the cut itself. The dot plot indicates higher rates expected by the end of next year, leading to a significant rise in Treasury yields and subsequent repricing by lenders.

Keywords: Mortgage Rates, Fed Rate Cut, Treasury Yields

Source: Mortgage News Daily

Update At: 12/19/2024

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