The Fed cut interest rates but mortgage costs jumped. Here’s why
Article Analysis: Highlights: 1. The Federal Reserve cut interest rates for the third time in 2024, but mortgage rates increased instead of decreasing as expected. 2. The 30-year fixed rate mortgage spiked to 6.72% for the week ending Dec. 19, shortly after the Fed’s decision, indicating a significant rise from the previous week. 3. The […]
