If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?

The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts. Real Estate and Housing (Residential), Mortgages, Interest Rates, Federal Reserve System, Federal Home Loan Mortgage Corp (Freddie Mac), Trump, Donald J The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts. NYT > Business