The Fed Just Cut Rates—But Here’s Why Mortgage Rates Are Still Going Up (For Now)
The recent Fed rate cut doesn’t mean mortgage rates will drop immediately. 1. Initial Spike in 10-Year Treasury Yields Historically, when the Fed cuts rates, the 10-year Treasury yield initially spikes before declining. After past rate cuts, yields jumped up temporarily before a gradual decrease followed. We’ve seen this same spike happen recently after the […]
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