478: Why Are Mortgage Interest Rates Going Higher?
Description
Why aren’t mortgage rates dropping alongside interest rates?
Last month, the Federal Reserve lowered interest rates, but mortgage rates actually went up. One key reason is that mortgage rates aren’t directly tied to those set by the Federal Reserve. Today, we’re taking a closer look at this and exploring why mortgage rates often move independently of the Fed’s rate changes.
Episodes Mentioned: Ep. 475
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