Why mortgage rates are still high despite the Fed rate cuts
As mentioned, mortgage rates haven't fallen in line with the Fed's rate cuts because they depend on factors beyond the agency's benchmark rate, such as the economy and 10-year Treasury bond yields.
The Heritage Foundation5dOpinion
The Fed Lowered Interest Rates Too Soon
Inflation remains stubbornly above the Federal Reserve’s 2 percent target. Yet, instead of maintaining a firm stance at its ...
Fed’s Harker Says More Rate Cuts Are Coming But Timing Uncertain
Federal Reserve Bank of Philadelphia President Patrick Harker said officials are on track to lower interest rates this year, ...