The Fed cut rates by 100 bps in late 2024. Mortgage rates rose anyway
In late 2024, the Federal Reserve implemented a significant rate cut of 100 basis points. Despite this reduction, mortgage rates experienced an unexpected rise. This situation highlights the complex dynamics between federal interest rates and mortgage lending rates.
- ▪The Federal Reserve cut interest rates by 100 basis points in late 2024.
- ▪Mortgage rates increased despite the Fed's rate cut.
- ▪This scenario illustrates the complicated relationship between federal rates and mortgage rates.
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