Sho nuff. The Fed just cut rates by half a point and bond yields and mortgages are both rising as bond traders fear inflation. As I said in the article, it is at least plausible that we may have seen a short to intermediate term bottom in mortgages and those who are waiting for lower rates may be out of luck for a while.
Joe, it is so important to keep educating people about the relationship of bond rates (especially 10 year bonds) and mortgage rates.
I find it borderline criminal that the mainstream media keep shouting about the FED rate and almost always connects it (falsely) to mortgage rates
Sho nuff. The Fed just cut rates by half a point and bond yields and mortgages are both rising as bond traders fear inflation. As I said in the article, it is at least plausible that we may have seen a short to intermediate term bottom in mortgages and those who are waiting for lower rates may be out of luck for a while.